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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTU:
- Intuit’s Strong Growth Potential Driven by Strategic Initiatives and Market-Leading Platforms
- Intuit Announces Leadership Transition in People & Places
- Intuit price target raised to $880 from $825 at Wells Fargo
- Intuit’s Strategic AI Advancements and Monetization Drive Buy Rating
- Insider Sales Shake Datadog, Vistra, Vertiv, Intuit, Waste Management