Intuit Stock Stumbles On Revenue Disappointment, Yet Analysts Remain Optimistic
Portfolio Pulse from Priya Nigam
Intuit Inc. (NASDAQ:INTU) shares fell in premarket trading after reporting lower-than-expected revenues in its fiscal Q3 results. Despite the revenue disappointment, analysts from BMO Capital Markets, Oppenheimer, and William Blair maintained Outperform ratings on the stock.
May 24, 2023 | 2:39 pm
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Intuit's Q3 revenue miss led to a drop in share price, but analysts remain optimistic, maintaining Outperform ratings.
Intuit's lower-than-expected Q3 revenues caused its share price to fall. However, analysts from BMO Capital Markets, Oppenheimer, and William Blair maintained Outperform ratings on the stock, indicating that they believe the company's fundamentals remain strong and the stock has potential for growth in the future. This suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100