Intuit Inc. (NASDAQ:INTU) is one of the 10 Best Major Stocks to Buy According to Analysts.
After facing bearish analyst sentiment throughout June, Intuit Inc. (NASDAQ:INTU) finally ended the month on a more neutral note
On June 24, Steve Enders of Citi reaffirmed a Buy rating on the stock and kept his price target of $591. The firm’s price target reflects a compelling 117% upside from the current share price. Although the update was not particularly bullish, it offered some relief to investors by ending the string of bearish analyst sentiment that started earlier in June.
A few days earlier, on June 18, Stifel Nicolaus analyst Brad Reback downgraded Intuit Inc. (NASDAQ:INTU) from Buy to Hold. The analyst also significantly lowered the firm’s price target on the shares from $375 to $275. The revised price target is close to where the stock is currently trading.