CLSA initiated coverage of Intuit (INTU) with an Outperform rating and $900 price target Intuit is currently trading at 25-times enterprise value to EBITDA, in line with its average over the past five years despite upside to the consensus growth outlook, the analyst tells investors in a research note. The firm believes Intuit is on track to dominate the $89B mid-market accounting software market and adjacent financial services in the U.S., “leveraging its scale, platform advantages and brand investment.” CLSA sees Intuit as well positioned to exceed consensus expectations in its core global business solutions group segment.
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