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New Buy Rating for Intuit (INTU), the Technology Giant
Evercore ISI analyst Kirk Materne maintained a Buy rating on Intuit today and set a price target of $540.00.
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Materne covers the Technology sector, focusing on stocks such as Salesforce, Oracle, and Workday. According to TipRanks, Materne has an average return of 2.9% and a 49.15% success rate on recommended stocks.
Intuit has an analyst consensus of Strong Buy, with a price target consensus of $579.67.
Based on Intuit’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $4.65 billion and a net profit of $693 million. In comparison, last year the company earned a revenue of $3.96 billion and had a net profit of $471 million
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