Morgan Stanley Remains Cautious On Intuit

Loading...
Loading...
In a report published Wednesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating and $66.00 price target on
IntuitINTU
. In the report, Morgan Stanley noted, “INTU posted strong tax results, but Payments revenue was weak while rapid adoption of QB Online hurt QB Desktop sales. Despite the Small Biz miss, we think positives outweighed negatives in the Q, but remain cautious on the stock given near-peak valuation and slowing growth.” Intuit closed on Tuesday at $76.84.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorReiterationAnalyst RatingsJennifer Swanson LoweMorgan Stanley
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...