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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?

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Intuit Posts a Strong Finish in Q4 Although Mailchimp Left Hanging; Shares Fairly Valued

Julie Bhusal Sharma Equity Analyst

Analyst Note

| Julie Bhusal Sharma |

Intuit closed its fiscal year satisfactorily—beating FactSet consensus all around and well above Intuit’s former high-end of guidance. The strong results were broad-based other than Mailchimp underperforming against Intuit’s expectations. Nonetheless, things continue to look up for Intuit, as guidance for fiscal 2023 was strong. We’re maintaining our fair value estimate for the wide-moat name at $511 per share. Shares are approaching our fair value, as they are up nearly 6% after hours to near $475— almost fully reversing what had been share declines of 6% over the last five days amid an overall market selloff. We believe this leaves Intuit fairly valued given our Medium Uncertainty Rating. As a result, we think there are more attractively priced wide-moat stocks for investors at the moment—such as Workday shares, which we value at $229 per share.

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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 Jul 31, 2022
Fiscal Year End Jul 31, 2023
Employees 17,300

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