Intuit Stock Outlook: Is Wall Street Bullish or Bearish?

California-based Intuit Inc. (INTU) is a global financial technology company that develops tools designed to help individuals and businesses manage their finances more effectively. Serving roughly 100 million customers worldwide, its portfolio includes TurboTax, Credit Karma, QuickBooks, Mailchimp and the Intuit Enterprise Suite. Through these platforms, Intuit provides solutions spanning tax preparation, personal finance, accounting, marketing and business management. 

The company continues to invest in new technologies and product innovation aimed at expanding access to financial resources and simplifying complex financial tasks. However, lofty ambitions haven’t translated into stock market success. Despite boasting a sizable $111.2 billion market capitalization, Intuit shares have tumbled 31.6% over the past year, a sharp contrast to the S&P 500 Index ($SPX), which climbed 11.8% during the same stretch.