Added to YB: 2023-12-05
Pitch date: 2023-12-03
INTU [bullish]
Intuit Inc.
-31.93%
current return
Author Info
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
$560.50
Price Target
632.00 (+66%)
Dividend
1.27%
EV/EBITDA
18.19
P/E
26.02
EV/Sales
5.59
Sector
Software
Category
growth
Intuit: Solid Q1 FY24, But Valuation Getting Stretched
INTU Q1: SBSE +17.9% on positive trends & international refresh. Consumer seasonally low, Credit Karma -4.7% on reduced lending. Reiterated FY guide: 11-12% rev growth, 12-14% Non-GAAP EPS growth. Trades at 40x FY23 Non-GAAP EPS, 69x ex-SBC. $603M buybacks in Q1. 9% return forecast to July '26 at 30x P/E. +45% YTD but valuation & volatility risks. Buy on financials, low-teens EPS growth, strategy.
Read full article (6 min)