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

September 26, 2022 2:26 PM | 1 min read | Make a Comment

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.