Intuit stock: buy or sell
Jun 22nd, 2021
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
In the last month, 13 brokerage ratings were published for Intuit. General sentiment is bullish, with 11 out of 13 posting positive forecasts
|May 24th, 2021|
|May 26th, 2021|
|Jefferies Financial Group|| |
|Royal Bank of Canada||Buy|
|Stifel Nicolaus|| |
|Wells Fargo & Company||Buy → Buy|
|May 27th, 2021|
|BNP Paribas||Sell → Neutral|
|Exane BNP Paribas||Sell → Neutral|
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
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current supports are:
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
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
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
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).
|Brokerage firm||Price target|
|May 24th, 2021|
|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|
|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 → $510.00|
|May 27th, 2021|
|Exane BNP Paribas||Not available|
Earnings and financials
Intuit ($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.
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
|Monday, June 21st, 2021|
|Day range||$472 - $481.12|
|Average true range||$10.52|
|50d mov avg||$428.92|
|100d mov avg||$409.88|
|200d mov avg||$378.50|
|Earnings date||August 23rd, 2021|