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Intuit Emerges As Most Defensive Software Heading Next Year; TurboTax & QuickBooks Platforms Impress Analysts

Benzinga LogoBenzinga2 mo ago

Intuit Emerges As Most Defensive Software Heading Next Year; TurboTax & QuickBooks Platforms Impress Analysts - Benzinga

Quick Summary:

Worse-than-expected topline hit from Credit Karma overshadowed otherwise solid metrics in 1Q23. 

Management went to great lengths to highlight the additional conservatism baked into the updated guide and their ability to defend EPS.

BMO Capital analyst Daniel Jester maintained Intuit Inc (NASDAQ: INTU) with an Outperform and lowered the price target from $467 to $448.


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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 18:17:25 (2 months ago)

News Timezone: GMT +8:00

Ranking: #338 (out of 6714 stories this day)

News Source URL: benzinga.com

Language: English

Article Length: 13 words

Reading Time: 1 minutes read

Sentences: 2 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 2064013

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 10 posts per day

Year Established: 2010

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News Last Updated: 8 hours ago

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Publisher ID: #53

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