Intuit (INTU) Receives a Rating Update from a Top Analyst

By Carrie Williams

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Intuit (INTUResearch Report), with a price target of $276. The company’s shares closed last Monday at $275.71, close to its 52-week high of $284.97.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.5% and a 73.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Intuit with a $286.30 average price target, which is a 3.4% upside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a $285 price target.

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The company has a one-year high of $284.97 and a one-year low of $182.61. Currently, Intuit has an average volume of 1.27M.

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Intuit, Inc. is a financial management and compliance platform company, which engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner.