Morgan Stanley Expects Quiet Q1 for Intuit

In a report published Tuesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating and $72.00 price target on

. In the report, Morgan Stanley noted, “Q1 tends to be quiet as investors look ahead to tax season, and we expect that to be the case this year as well. We expect QBO to get the bulk of investor attention as adds remain strong despite DT declines, while Q2 guidance may be complicated by seasonal expectations around Tax.” Intuit closed on Monday at $90.93.