Intuit stock: buy or sell

INTU stock price: $477.90 0.95% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

2

Intuit stock brief

  • After marking new all-time highs on Monday, Intuit closed at $477.90 scarcely moving a 0.95%

Should I buy Intuit stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $INTU stock a buy?

Currently, Intuit stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $INTU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Intuit stock?

"To sell or not to sell", if you are holding Intuit shares?. Much like when we have to buy shares, determining when is appropiate to sell is not a random decision, and we must use our own trading style. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for shorting $INTU stock

As a rule of thumb, you should never keep an open trade that produces higher than expected losses upon the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell Intuit stock?

Currently, Intuit stock doesn't match any of our preferred sell setups, so if you own Intuit shares and your operation is in profit probably is not time to sell now

Intuit ratings

In the last month, 13 brokerage ratings were published for Intuit. General sentiment is bullish, with 11 out of 13 posting positive forecasts

Intuit analysts' ratings - Last month
Brokerage firmRating
May 24th, 2021
Guggenheim Strong buy
May 26th, 2021
Barclays Buy
Jefferies Financial Group Strong buy
KeyCorp Buy
Mizuho Strong buy
Morgan Stanley Buy
Oppenheimer Strong buy
Piper Sandler Buy
Royal Bank of Canada Buy
Stifel Nicolaus Strong buy
Wells Fargo & Company BuyBuy
May 27th, 2021
BNP Paribas SellNeutral
Exane BNP Paribas SellNeutral

Intuit stock analysis

Intuit shares started an uptrend last March, and gained a gorgeous 31.06%. The price shows higher highs and lows, and along the way provided very few buying opportunities for those who wanted to trade in. Latest pullback was in mid-May, when price bounced at $385.66. Intuit broke out above $422.77 (its last top) in mid-May. That breakout was a good buying opportunity that resulted in a 13.04% gain

$INTU at Highs

On Monday, Intuit reached all-time highs (ATH) again at $481.12. Stock rallied fast in the last 2 weeks, smashing new all-time highs 7 times

SMAs overview

INTU stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistance levels.

The current supports are:

  • S1: $423.13 (-11.46% below)
  • S2: $422.77 (-11.54% below)
  • S3: $401.31 (-16.03% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks

    INTU stock Bollinger Bands chart

    Relative strength index

    Climbed over the overbought line Monday, marking a reading of 71.42. Climbing above the level of 70 is not a sell signal, as stocks can climb during several weeks being in the overvalued zone

    INTU stock RSI chart

    Intuit stock price history

    Intuit went public priced at an adjusted price1 of $2.08 on Mar 1993. Since then, INTU stock surged by 22,875.96%, with an average of 817.00% per year. If you had invested $1,000USD in Intuit stock on Mar 1993, it would be valued $229,759.62 today.

    1: Adjusted price after possible price splits or reverse-splits

    INTU stock price history chart

    Price target for Intuit stock

    Nobody can predict how much a share will be priced tomorrow. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and many times. Again, these targets are not direct recommendations for individual traders and must not be followed blindly.

    The average price target for Intuit stock calculated from the table below is $501.64. That is a 4.97% than the current price ($477.90).

    Intuit stock price predictions
    Brokerage firmPrice target
    May 24th, 2021
    Guggenheim Not available
    May 26th, 2021
    Barclays $482.00$540.00
    Jefferies Financial Group $460.00$525.00
    KeyCorp $450.00$475.00
    Mizuho $450.00$500.00
    Morgan Stanley $470.00$511.00
    Oppenheimer $474.00
    Piper Sandler $470.00$498.00
    Royal Bank of Canada $490.00$525.00
    Stifel Nicolaus $425.00$490.00
    Wells Fargo & Company $450.00$510.00
    May 27th, 2021
    BNP Paribas $470.00
    Exane BNP Paribas Not available

    Earnings and financials

    Intuit ($INTU) hosted the quarterly investors call and released the report in late May. Intuit reported earnings of $6.07 per share on revenue of $4.2 billion. The market estimate was $6.47 per share on revenue of $4.4 billion.

    Compared to the same quarter one year ago, EPS was $4.49, so posted EPS means a improvement of 35.19%. Revenue exploded a 39.01% on an annualized basis in the , from $30.0B to $41.7B last quarter.

    Intuit ($INTU) will host the quarterly earnings call next August. Estimated for this quarter is $1.59, compared to $6.07 that was reported for Q3.

    Intuit performance

    INTU performance compared
    Company1m3m6m
    Intuit ($INTU) 9.00% 24.00% 27.10%

    Important:
    The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have an understanding of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for educative purposes only

    Intuit summary

    Monday, June 21st, 2021
    Open$477.18
    Close$477.9
    Day range$472 - $481.12
    Previous close$473.4
    Session gain0.95%
    Average true range$10.52
    50d mov avg$428.92
    100d mov avg$409.88
    200d mov avg$378.50
    Earnings dateAugust 23rd, 2021

    Frequently asked questions

    What is Intuit stock symbol?

    Intuit Inc. is a public company trading in the US stock market with the INTU symbol

    Is Intuit stock a buy or sell?

    Intuit received 13 ratings in the last 30 days: 11 bullish, 0 bearish and 2 neutral.

    Will INTU go up?

    Intuit had different price predictions issued by analysts in the last 30 days setting the target price to $501.64. That is a 4.97% than the current price ($477.90).