Intuit Maintains 'Outperform' Rating with $385 Price Target
Financial software company Intuit has maintained its 'outperform' rating from Royal Bank Of Canada, which also reiterated its $385 price target for the stock. This implies a potential upside of 21.25% from Intuit's previous close.
The rating and target were reaffirmed in a research note to investors on Friday, according to Benzinga. The analysts at Royal Bank Of Canada have previously set a higher target price of $463, but lowered it to $315 after downgrading their rating to 'neutral' in May.
Other analysts also weighed in on Intuit's stock, with Oppenheimer reducing its target from $406 to $380 and assigning an 'outperform' rating. Piper Sandler lifted its price target from $250 to $290 while giving the company an 'underweight' rating.
Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS, with a fiscal year 2027 guidance of 22.880-23.120 EPS.