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Fly News Breaks for August 23, 2019
Aug 23, 2019 | 06:57 EDT
KeyBanc analyst Josh Beck raised his price target for Intuit to $305 from $300 and maintained an Overweight rating following the company's quarterly results, saying Intuit beat and raised the outyear driven by strength in the QuickBooks franchise where payments volume grew 40% and online payroll grew 35%. Beck tells investors in a research note that he remains bullish on FinTech, Intuit's consumer ecosystem and its international prospects, where he sees a substantial growth runway.
News For INTU From the Last 2 Days
Oct 22, 2019 | 07:17 EDT
Evercore ISI analyst Kirk Materne downgraded Intuit to In Line from Outperform as he believes the current valuation better reflects Intuit's "platform" opportunity with both TurboTax Live and QuickBooks Live. However, he remains bullish on Inuit's tax opportunity as the company continues to take share, Materne noted.