Intuit Stock Maintains 'Outperform' Rating Amid Soaring Potential

Intuit (NASDAQ:INTU) has received an 'outperform' rating from Royal Bank Of Canada, which suggests a potential upside of 36.49% from its previous close.

The analysts at Royal Bank Of Canada have set a target price of $385.00 on the software maker's stock. This is in line with other research firms that have also given Intuit an 'outperform' rating.

Despite the positive ratings, some firms have been less optimistic about Intuit's prospects. Wells Fargo & Company decreased its target price on shares of Intuit from $360.00 to $300.00 and set an 'equal weight' rating on the stock in a research note on Wednesday, August 26th.

Intuit has also received praise for its partnerships with various companies. The company recently expanded its NFL partnership through 2030, giving Intuit Intelligence exposure to an estimated 400 million fans.