Intuit shares are trading lower after the company reported Q3 financial results and issued Q4 adjusted EPS guidance below estimates. Also, B of A Securities maintained a Buy rating on the stock but lowered its price target from $760 to $730.
Portfolio Pulse from Benzinga Newsdesk
Intuit shares are trading lower after the company reported Q3 financial results and issued Q4 adjusted EPS guidance below estimates. B of A Securities maintained a Buy rating on the stock but lowered its price target from $760 to $730.
May 24, 2024 | 11:28 am
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Intuit shares are trading lower due to disappointing Q3 financial results and Q4 adjusted EPS guidance below estimates. B of A Securities maintained a Buy rating but lowered its price target from $760 to $730.
The lower-than-expected Q3 results and reduced Q4 EPS guidance are likely to negatively impact investor sentiment in the short term. Although B of A Securities maintained a Buy rating, the lowered price target indicates reduced confidence in the stock's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100