Intuit Inc. (NASDAQ:INTU) is one of the Best Long-Term Tech Stocks to Buy According to Analysts. On January 21, Keith Weiss, an analyst from Morgan Stanley, maintained a “Buy” rating on the company’s stock. The associated price objective was $880.00. The analyst’s rating is backed by a combination of factors associated with Intuit Inc. (NASDAQ:INTU)’s emerging growth drivers and attractive valuation. According to the analyst, the company is early in 2 major product cycles: Mid-Market Accounting/Services and Assisted Tax. These operate in large, underpenetrated markets and have already showcased healthy initial traction.
The analyst’s analysis reflects that a credible path to ~20% annual revenue growth by FY 2030 is aided by a continued strong execution in rolling out these offerings. According to the analyst, this scenario is not being fully recognized by the market, considering Intuit Inc.’s stock’s current earnings multiple.
In a separate release, on January 12, BDO Canada LLP and Intuit Inc. announced a strategic partnership. This combines the innovative technology of Intuit’s platform with BDO advisors’ human insight.
Intuit Inc. offers financial management, payments, capital, compliance, and marketing products and services.
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This article is originally published at Insider Monkey.
