Why Analysts Are Bullish on Intuit Despite a Forecast That Missed Estimates

Key TakeawaysIntuit shares tumbled Friday, a day after the company issued a current-quarter forecast that missed estimates.However, analysts were bullish on the stock, suggesting the weaker-than-expected outlook could reflect early marketing spend, which could drive later growth.The TurboTax parent said it has had discussions with the incoming Trump administration about reports of plans to launch a competing free tax-filing app. Intuit (INTU) shares tumbled Friday after the company issued a current-quarter ...