(News Bulletin 247) – Wells Fargo reaffirms its ‘overweight’ recommendation on Intuit with a price target raised from 525 to 550 dollars, returning to the publication of the accounting and tax software publisher for its third quarter.
“Sentiment about Intuit was mixed after the release, given fiscal weakness, macro concerns and leadership changes,” the broker acknowledges.
Still, Wells Fargo expects fourth-quarter attention to focus on initial guidance for fiscal 2023-24, and sees September’s investor day as ‘the biggest catalyst ahead in the near term’.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
