Intuit (INTU) Sees Sustained Analyst Bullishness as November Comes to a Close

Core Viewpoint - Intuit Inc. (NASDAQ:INTU) is recognized as a strong investment opportunity within the consumer cyclical sector, particularly due to its diverse finance-related software services and sustained analyst bullishness. Analyst Ratings - Analysts from Wells Fargo, RBC Capital, and BMO Capital maintained their Outperform and Overweight ratings for Intuit Inc. in late November, with Wells Fargo adjusting its price target from $880 to $840 and BMO reducing its target from $870 to $810 [2] - BMO highlighted growth in Intuit's QuickBooks Online and Credit Karma platforms, attributing this to market expansion and the upcoming tax season [2] Hedge Fund Activity - In the third quarter, 96 hedge funds disclosed holdings in Intuit Inc., with AQR Capital Management reporting an 89% increase in its position compared to the previous quarter [3] Earnings Call Insights - During the third quarter earnings call, Intuit's CFO noted that customer attrition was lower than expected following pricing changes and innovations in QuickBooks Online, indicating strong pricing power and customer satisfaction [4] - The company reported that 45% of QuickBooks Online customers are saving up to twelve hours a month, which enhances productivity and improves net working capital [4]