Credit Karma Owner A 'Top Pick' With Its Ecosystem Focus, Citibank Says Ahead Of Investor Day

Credit Karma Owner A 'Top Pick' With Its Ecosystem Focus, Citibank Says Ahead Of Investor Day
  • Intuit Inc INTU remains a top pick into its upcoming Investor Day, Citi analyst Steven Enders said.
  • He expects a core focus on Credit Karma, Payments, and broader ecosystem opportunities with critical questions surrounding the macro. 
  • While Intuit offered critical long-term updates like QuickBooks growth on 4Q22 earnings, he expects a somewhat lighter model update versus prior events. 
  • He reiterated his Buy rating and $538 price target into the event and sees Intuit as well positioned in a slowing macro given the mission-critical nature of core QuickBooks and recent price increases seeing strong user growth per his traffic analysis. 
  • Analysts remained upbeat on Intuit following its strong Q4 results.
  • Price Action: INTU shares traded higher by 0.27% at $395.05 on the last check Monday.
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