Intuit Earns Multiple Price Target Hikes After Stellar Q4 Results: What's Driving The Bullish Outlook?
Portfolio Pulse from Lekha Gupta
Intuit Inc's shares are trading higher after several analysts raised their price targets following Q4 results that beat consensus estimates. The company reported Q4 EPS of $1.65, beating the estimate of $1.43, and sales of $2.71 billion, beating the estimate of $2.64 billion. The company also provided FY24 revenue estimates of $15.89 billion-$16.105 billion, higher than the $15.99 billion estimate. Several firms including Oppenheimer, Evercore ISI Group, Credit Suisse, KeyBanc, Piper Sandler, B of A Securities, Stifel, Deutsche Bank, and Goldman Sachs raised their price targets for INTU.
August 25, 2023 | 7:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Intuit's Q4 results exceeded estimates, leading to a rise in its stock price as several analysts raised their price targets. The company's FY24 revenue estimates also surpassed expectations.
Intuit's Q4 results exceeded analyst estimates, which is a positive signal for the company's performance. This has led to a bullish outlook from several analysts who have raised their price targets for the company. The company's FY24 revenue estimates also surpassed expectations, further boosting investor confidence. This combination of positive earnings results and optimistic future revenue projections is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100