Mizuho analyst Siti Panigrahi says a tweet from Elon Musk suggesting 18F, a technology group that helped build the Internal Revenue Service’s Direct File program, has been “deleted” helped shares of Intuit (INTU) recover today. The Direct File Program has been part of Intuit’s bear thesis, the analyst tells investors in a research note. Direct File is a free tax tool to file your federal taxes directly with the IRS. Shares of Intuit closed Monday little changed at $600.76.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTU:
- Musk says group that built IRS ‘Direct File’ program ‘has been deleted’
- Buy/Sell: Wall Street’s top 10 stock calls this week
- AI Daily: White House order opens federal land to AI data centers
- Exane downgrades Intuit to Underperform on risks, valuation
- Intuit downgraded to Underperform from Neutral at Exane BNP Paribas