Do Analysts Expect Intuit Inc. (INTU) Stock to Rise After It Has Risen 10.24% in a Month?

InvestorsObserver is giving Intuit Inc. (INTU) an Analyst Rating Rank of 59, meaning INTU is ranked higher by analysts than 59% of stocks. The average price target for INTU is $597.235 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating INTU a Strong Buy today. Find out what this means to you and get the rest of the rankings on INTU!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Intuit Inc. Stock Today?

Intuit Inc. (INTU) stock has risen 0.4% while the S&P 500 has fallen -0.11% as of 11:42 AM on Tuesday, Nov 23. INTU is up $2.63 from the previous closing price of $661.63 on volume of 684,820 shares. Over the past year the S&P 500 is higher by 30.75% while INTU is up 93.48%. INTU earned $7.56 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 87.59. Click Here to get the full Stock Report for Intuit Inc. stock.