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Intuit Inc INTU Stock Quote

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Morningstar‘s Stock Analysis INTU

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Intuit Beats in Q1, but Outlook Cautious With Credit Karma Vulnerability; Shares Attractive

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Intuit closed its fiscal first quarter with strong beats on the top and bottom lines. However, results were sobered by a fiscal 2023 outlook that bakes in a much more vulnerable Credit Karma amid the macroeconomic backdrop. While management maintained its revenue outlook for all other segments, it now expects Credit Karma revenue to decline 13% year over year (at the midpoint), a stark contrast to former segment guidance of 13% growth (at the midpoint). As a result, we’re lowering our fair value estimate for the wide-moat name to $503 per share from $511. The shares are down about 1% after results to near $375. This still leaves Intuit in attractive 4-star territory, which we think offers a compelling opportunity for long-term investors. We consider Intuit to be a very high-quality wide-moat stock that is often overvalued in more normal economic waters, leaving entry points like these rare, in our view.

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Key Statistics INTU

Company Profile INTU

Business Description

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

2700 Coast Avenue
Mountain View, CA, 94043
T +1 650 944-6000
Industry Software - Application
Most Recent Earnings Oct 31, 2022
Fiscal Year End Jul 31, 2023
Employees 17,300

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