Intuit: Rating Upgrade As The Business Is A Lot More Resilient Than I Thought

JHVEPhoto Investment action I recommended a hold rating for Intuit (NASDAQ:INTU) when I wrote about it the last time, as I expected headwinds from the macro environment to impact INTU's core customer base - small businesses and consumers. Based on my current outlook and analysis of INTU, I recommend a buy rating. My change in rating is primarily due to INTU performing much better than I expected in 1Q24, showing that it is not heavily impacted by the macro environment (which was my concern). Not only that, ...