Jefferies Remains Bullish Ahead of Intuit (INTU) 3Q Results

Jefferies maintains a Buy rating and $113 price target on Intuit (NASDAQ: INTU) leading up to the F3Q report. Analyst Brad Zelnick expects an upside to consensus revenue and EPS. INTU is scheduled to report results after the market closes May 21st.

Zelnick commented on INTU, saying, "We expect revenue and non-GAAP EPS of $2.165 billion and $2.80, respectively, above the Street’s $2.140 billion and $2.73, which we believe includes some estimates that don’t reflect the April tax update. Guidance is for revenue of $2.075 billion to $2.150 billion, and non-GAAP EPS of $2.70 to $2.75."

For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.

Shares of Intuit closed at $103.27 yesterday.

You May Also Be Interested In

• JPMorgan Downgrades Tata Technologies (TATATECH:IN) to Underweight
• Backblaze Inc (BLZE) PT Raised to $14 at Citizens on CRWV Deal Announcement
• Goldman Sachs Assumes Klaviyo Inc (KVYO) at Buy