Mizuho Securities analyst Siti Panigrahi has maintained their bullish stance on INTU stock, giving a Buy rating on March 7.
Siti Panigrahi has given his Buy rating due to a combination of factors including the steady improvement in IRS tax-filing data and the anticipated benefits for Intuit from late-season filings. The report highlights that while total cumulative returns have declined year-over-year, there has been a consistent week-over-week improvement since the start of the tax season.
Panigrahi notes that the end of TurboTax’s early-bird pricing is expected to lead to a higher percentage of filings at higher average selling prices, which should enhance Intuit’s revenue. Additionally, the penetration of Assisted with TurboTax Live Full Service is seen as a crucial growth driver for Intuit in the fiscal year 2025, further supporting the Buy rating.
In another report released on March 7, Citi also maintained a Buy rating on the stock with a $726.00 price target.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INTU in relation to earlier this year.