Intuit shares are trading lower after the company reported Q4 financial results and issued Q1 EPS guidance below estimates. Also, Barclays maintained an Overweight rating on the stock but lowered its price target from $745 to $740.
Portfolio Pulse from Benzinga Newsdesk
Intuit's shares fell after Q4 results and Q1 EPS guidance missed estimates. Barclays maintained an Overweight rating but slightly reduced the price target.
August 23, 2024 | 2:37 pm
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NEGATIVE IMPACT
Intuit's shares are down due to disappointing Q4 results and Q1 EPS guidance. Barclays kept an Overweight rating but reduced the price target from $745 to $740.
The drop in Intuit's share price is due to the company's Q4 results and Q1 EPS guidance falling short of expectations. Barclays' decision to maintain an Overweight rating but lower the price target indicates a mixed sentiment, contributing to the negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100