Movement Alert|Intuit Falls 3.37% in Pre-Market Trading, Stifel Downgrades Rating to Hold with Target Cut to $275

Market Focus06-22 21:30

On June 22, Intuit fell 3.37% in pre-market trading, trading at $258.94/share, with turnover of $5.9489 million.

On the news front, Stifel downgraded Intuit from Buy to Hold and slashed its price target from $375 to $275, a reduction of 26.7%. The downgrade reflects institutional concerns over the company's near-term valuation upside. Additionally, company insider Richard L. Dalzell recently sold 284 shares, compounding negative sentiment and extending share price weakness.

However, according to FactSet consensus data, market analysts maintain an average Overweight rating on Intuit with a mean price target of $474.64, positioning Stifel's view as a bearish outlier among the broader analyst community. Intuit last reported earnings on May 20, posting EPS of $11.43.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment