Is Intuit Stock a Buy?
Shares of Intuit (NASDAQ: INTU), the financial software company that produces TurboTax, Mint, and QuickBooks, rallied more than 660% over the past 10 years and outpaced the Nasdaq Composite's gain of nearly 370%. During that decade, Intuit divested its older and weaker units, restructured its business to cut costs, and expanded into personal finance software, cloud-based analytics, and payroll services via acquisitions.
Intuit and its smaller rival H&R Block (NYSE: HRB) also repeatedly lobbied against the IRS' development of free online tax services, but eventually agreed to provide free filing services for lower-income households. Does that compromise, along with the COVID-19 crisis, suggest Intuit's growth will decelerate in the future? Let's take a fresh look at the online tax prep company to find out.
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Source Fool.com
