Intuit: Valuation Is Once Again At Unsustainable Levels (Rating Downgrade) [Seeking Alpha]
Intuit Inc. (INTU)
Last intuit inc. earnings: 2/24 04:01 pm
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US:NASDAQ Investor Relations:
investors.intuit.com
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Source: Seeking Alpha
A major improvement in margins is needed in order to sustain the current valuation and the odds of this happening are very low. The current business strategy is failing to deliver impressive results and this could also weigh on Intuit's share price in 2024. Looking for a helping hand in the market? Members of The Roundabout Investor get exclusive ideas and guidance to navigate any climate. Learn More » Intuit Inc.'s NASDAQ: INTU ) share price has been on a tear recently, appreciating by more than 57% over the 12-month period alone. At the same time, the Nasdaq Composite Index (COMP.IND) increased by only 37%, which is a record high but yet looks insignificant when compared to what INTU has achieved. As a matter of fact, we have been here before - in 2021, when Intuit's stock price skyrocketed and has nearly doubled over the course of just one year (see the graph below). At the time, I turned neutral on the stock as it was obviously in the epicenter of the unsustainable market
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INTU
News
- Intuit Inc. (NASDAQ:INTU) is largely controlled by institutional shareholders who own 86% of the company [Yahoo! Finance]Yahoo! Finance
- Intuit Appoints Vasant Prabhu, Former CFO and Vice Chairman of Visa, to its Board of DirectorsBusiness Wire
- Intuit Celebrates Fourth Annual Small Business Success Month in MayBusiness Wire
- Intuit to Announce Third-Quarter Fiscal Year 2024 Results on May 23Business Wire
- Intuit Inc. (NASDAQ: INTU) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
INTU
Earnings
- 2/22/24 - Beat
INTU
Sec Filings
- 5/2/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- INTU's page on the SEC website