Intuit Inc

INTU: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$632.00	Fkpwl	Thcngnpdj

Intuit Earnings: Small Business Ecosystem Momentum Continues but Shares Remain Overvalued

Emma Williams

Feb 23, 2024

Wide-moat Intuit’s second-quarter results met our top-line growth expectations but exceeded our profitability expectations despite ongoing macroeconomic challenges and product innovation spending. With reiterated fiscal 2024 guidance, we’re retaining our fair value estimate of $500 and continue to view shares as overvalued, trading at a lofty 30% premium.

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