Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

JPMorgan Just Downgraded Intuit Stock. Here's Why.

Intuit INTU JPMorgan JPM Mark Murphy TurboTax

JPMorgan analysts downgraded Intuit (INTU) shares to “Neutral” and slashed their price target after the company’s disappointing future guidance overshadowed its Q4 beat. INTU posted $4.35 billion in revenue and $4.03 in earnings per share (EPS) for its fourth quarter, handily beating the $4.27 billion and $3.58 per share, respectively, that analysts had forecast.

Following the post-earnings decline, Intuit stock is trading nearly 50% below its year-to-date high.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Eminem Reportedly Risks 'Irreparable Reputational Damage' After Kid Rock Collaboration Draws Fan Disappointment
Eminem has faced criticism for appearing on Kid Rock's Christian album, with commenters and Salon questioning the reputational risks of the collaboration amid political differences.
International Business Times UK
International Business Times UK
Selena Gomez Says Vaping Changed Her Voice, and Voice Specialists Explain How Hot, Dry Vapor Strains Vocal Folds
Selena Gomez says vaping changed her voice. An NYU specialist explains how vapor dries the vocal folds and when hoarseness needs a checkup.
Medical Daily
Medical Daily
Woman Shares How Weird, Creepy And Ridiculous Her MIL Is, Her Husband Keeps Making Excuses
She gave her MIL three chances during one hospital stay. Her MIL used all three to make a medicated, exhausted new mother feel judged, interrupted, and unwelcome in her own recovery room. Now she is expecting an invite back, but the internet has something to say. Read the full article…
Bored Panda
Bored Panda
Why do diets fail despite your best efforts? How expert nutrition support can help
Most diets fail not because of weak willpower but because generic plans ignore your food, routine and health needs, then leave you alone when cravings hit. Discover why personalised, expert-led support built around home cooking works better, and how a plan that fits your life makes healthy eating easier to…
The Economic Times
The Economic Times
Law Roach 'couldn’t get the energy right' with Keke Palmer
Law Roach has reflected on his experience of working with Keke Palmer.
BANG Premier
BANG Premier
Some schools are banning caffeine pouches. Here's what parents and students should know
Young people are turning to caffeine pouches for a quick energy boost, raising concerns among health experts, school officials, and parents
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play