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Intuit Inc INTU

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Morningstar’s Analysis

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PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Intuit Unveils QuickBooks Omnichannel Sales Platform at Investor Day

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

On Sept. 23, Intuit hosted its 2020 investor day, which detailed impressive updated metrics on the business as well as its unveiling of a new omnichannel e-commerce platform, QuickBooks Commerce, which the company has hinted at creating since 2019. As it’s early days for QuickBooks Commerce with little detail on its monetization, we’ve yet to significantly incorporate this offering into our expectations. However, our bull case continues to reflect robust adoption of the omnichannel platform, as it previously had. Additionally, Intuit continued to refrain from giving explicit guidance for fiscal 2021. All things considered, we’re maintaining our $304 fair value estimate for wide-moat Intuit, leaving the company fairly valued, in our view.

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Company Profile

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.

Contact
2700 Coast Avenue
Mountain View, CA, 94043
T +1 650 944-6000
Sector Technology
Industry Software - Application
Most Recent Earnings Jul 31, 2020
Fiscal Year End Jul 31, 2021
Stock Type Aggressive Growth
Employees 10,600

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