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Fly News Breaks for October 3, 2019
INTU
Oct 3, 2019 | 20:33 EDT
Jefferies analyst Brent Thill is keeping his Buy rating and $320 price target on Intuit after its Investor Day presentation, saying the event reinforced his positive thesis on the stock. The analyst cites the company's double-digit rate of revenue growth with over $7B in "high margin" software revenue, a "defensive" mix with over 95% revenue in U.S., and a "predictable" business model of tax preparation / small business accounting solutions. Thill is also positive on Intuit's "shareholder friendly" policies and the hyper-growth of its "small business metrics", which he contends could be another leg of growth of the company.
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