30 Most Fantastic Stocks Every Investor Should Pay Attention To

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22. Intuit Inc. (NASDAQ:INTU)

Market Cap: $182.4 Billion

Number of Hedge Fund Holders: 105

Intuit Inc. (NASDAQ:INTU) is among the most fantastic stocks every investor should pay attention to. Encouraged by the recent strong results from companies like Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), and LendingTree Inc. (NASDAQ:TREE), Mizuho Securities analyst Siti Panigrahi released an optimistic report on Intuit on October 31, ahead of the company’s results on November 20.

Panigrahi argues that the cross-reads for Intuit’s Credit Karma business are significantly positive, given the strong new credit card account growth seen by the mentioned banks in Q3. Moreover, LendingTree’s personal loans and insurance segments thrived in the quarter, which also bodes well and could mean a revenue upside surprise is in the offing for Credit Karma. Panigrahi reaffirmed his Outperform rating on Intuit Inc. (NASDAQ:INTU) and a price target of $875, implying a 35% upside.

More recently, on November 3, analyst Steve Enders from Citi also reaffirmed his Buy rating on the stock with an unchanged price target of $803.

Meanwhile, the stock has been a relative underperformer this year with gains of just over 4% so far, amid substantial gains for the software sector and the broader market. That said, the consensus still shows a strong Buy sentiment and expects a 27% potential upside.

Intuit Inc. (NASDAQ:INTU) offers financial management and tax preparation platforms, including TurboTax, QuickBooks, Credit Karma, and Mailchimp.

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