Intuit Inc

Enterprise software companies Zoom Video Communications Inc (NASDAQ:ZM), Snowflake Inc (NYSE:SNOW), Intuit Inc (NASDAQ:INTU) and Workday Inc (NASDAQ:WDAY) have seen varying success in recent quarters. During short-term volatility, a JPMorgan analyst expressed long-term optimism for software companies to exceed Wall Street estimates. The Enterprise Software Analyst: JPMorgan analyst Mark Murphy issued Neutral ratings for Zoom and Intuit and Overweight ratings for Snowflake and Workday in a Monday report. Cautious Optimism: Murphy pointed to decreased hiring by enterprise software companies as evidence that the industry is operating as though it will not see a demand recovery. “As a result, investors should expect ongoing choppiness, rarely expect upward guidance revisions, and assume that we are seeing a new normal as companies adjust to a higher cost of capital environment,” the analyst said. However, the report remained optimistic about future growth. “Net-net, we remain fundamentally bullish on the long-term trajectory for software and the underlying GenAI mega-trends,” Murphy said. Now Read: Micron Up 97% In Past Year As ...Full story available on Benzinga.com

Related tickers: INTU, WDAY, SNOW, ZM.

Across the recent three months, 15 analysts have shared their insights on Intuit (NASDAQ:INTU), expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 11 2 0 0 Last 30D 0 1 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 2 0 0 0 3M Ago 2 7 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $716.13, a high estimate of $775.00, and a low estimate of $585.00. Marking an increase of 7.75%, the current average surpasses the previous average price target of $664.64. Understanding Analyst Ratings: A Comprehensive Breakdown A clear picture of Intuit's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Jennifer Swanson Lowe UBS Raises Neutral $670.00 $625.00 Alex Markgraff Keybanc Raises Overweight $740.00 $720.00 Keith Weiss Morgan Stanley Raises Overweight $740.00 $680.00 Alex Markgraff Keybanc Raises Overweight $720.00 $700.00 Daniel Jester BMO Capital Maintains Outperform $700.00 - Michael Turrin Wells Fargo Raises Overweight $725.00 $710.00 Sterling Auty JP Morgan Raises Neutral $585.00 $560.00 Kirk Materne Evercore ISI Group Raises Outperform $725.00 $670.00 Siti Panigrahi Mizuho Raises Buy $725.00 $670.00 Raimo Lenschow Barclays Raises Overweight $745.00 $735.00 James Friedman Susquehanna Raises Positive $775.00 $700.00 Brad Reback Stifel Raises Buy $720.00 $600.00 Scott Schneeberger Oppenheimer Raises Outperform $712.00 $678.00 Arvind Ramnani Piper Sandler Raises Overweight $750.00 $642.00 Michael Turrin Wells Fargo Raises Overweight $710.00 $615.00 Key Insights: Action Taken: In response ...Full story available on Benzinga.com

Related tickers: INTU.