Mizuho has revised its price target for Intuit (INTU, Financial), bringing it down to $700 from a previous $765 while maintaining an Outperform rating on the stock. This adjustment is part of a broader assessment of the software sector ahead of the first quarter, reflecting a trend of recent multiple compressions within the industry.
The firm underscores the latest downturn in stock prices as a promising opportunity for potential investors. Despite the downward adjustment in price targets, Mizuho anticipates robust first-quarter performances across the sector but suggests that management may adopt a cautious tone regarding the fiscal year's outlook. It's noted that ongoing tariffs are not expected to disrupt the fundamental operations of core software-as-a-service businesses.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Intuit Inc (INTU, Financial) is $705.75 with a high estimate of $860.00 and a low estimate of $530.00. The average target implies an upside of 18.90% from the current price of $593.55. More detailed estimate data can be found on the Intuit Inc (INTU) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, Intuit Inc's (INTU, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Intuit Inc (INTU, Financial) in one year is $732.22, suggesting a upside of 23.36% from the current price of $593.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Intuit Inc (INTU) Summary page.
