Intuit Inc
INTU: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$958.00 | Ssc | Yjgtvvdvf |
Intuit Earnings: Small Business Ecosystem Momentum Continues but Shares Remain Overvalued
Wide-moat Intuit’s second-quarter results met our top-line growth expectations but exceeded our profitability expectations despite ongoing macroeconomic challenges and product innovation spending. With reiterated fiscal 2024 guidance, we’re retaining our fair value estimate of $500 and continue to view shares as overvalued, trading at a lofty 30% premium.