Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-20
INTU [bearish]
Intuit Inc.
+40.66%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Intuit Inc. provides financial management, payments and capital, compliance, and marketing products and services in the United States.
Market Cap
$105.5B
Pitch Price
$642.97
Price Target
200.00 (-48%)
Dividend
1.27%
EV/EBITDA
18.19
P/E
26.02
EV/Sales
5.59
Sector
Software
Category
value
Spruce Point Capital Management Issues 'Strong Sell' Research Opinion Intuit Inc. (Nasdaq: INTU)
INTU short: Spruce Point flags concerns in core franchises, M&A, accounting, and consumer practices. Estimates 40-80% downside. Issues: SBSE opacity, QuickBooks threats, Mailchimp/Credit Karma overpayment, TurboTax risks, AI hype, accounting distortions. Overvalued at 11x NTM revenue, SOTP analysis shows 21-79% downside.
Read full article (11 min)