Intuit Inc. (NASDAQ:INTU) ranks among the stocks to invest in before they split next. On April 23, Deutsche Bank reaffirmed its Buy rating and $600 price target for Intuit Inc. (NASDAQ:INTU). In partnership with dbDataInsights, the firm surveyed 745 taxpayers to compare tax preparation strategies utilized this year and the previous year.
According to the poll results, Intuit Inc. might meet or surpass its TurboTax segment guidance. After the results of the tax filing deadline are announced, Deutsche Bank will look into IRS filing trends and other sources of data in the upcoming weeks, noting that the poll is only a portion of the available data.
The results of the survey show modest share growth for TurboTax within the online tax prep category and for online tax preparation as a whole. Deutsche Bank stated that the potential for TurboTax share gains is an incremental improvement above the pre-tax season projections of a slight share loss. The high single-digit average revenue per return growth is consistent with the firm’s objectives.
Intuit Inc. provides financial management, payments & capital, compliance, and marketing products and services in the US. The company operates in four segments: Global Business Solutions, Consumer, Credit Karma, and ProTax.
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