Citi is “incrementally cautious” on Intuit (INTU) into the fiscal Q1 report despite keeping a Buy rating on the shares with a $760 price target The firm says most of the upside for QuickBooks Online is likely driven by price and cross-sell as its digital footprint data suggests some quarter-over-quarter softness. Citi cites the prospect of improving small business health and Intuit’s ramping mid-market and cross-sell opportunity for its Buy rating.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTU: