Why Intuit Stock Plummeted This Week
(NASDAQ: INTU) stock plummeted this week following the company's latest quarterly report. Its share price fell 18.6% in a stretch that saw the S 500 rise roughly 0.9% and the Nasdaq Composite gain roughly 0.5%.
After the market closed on May 20, Intuit published results for the third quarter of its current fiscal year -- which ended April 30. While sales and earnings for the period beat the average Wall Street analyst estimates, investors saw warning signs in the report.
Image source: Getty Images.
Source Fool.com
Intuit Inc. Stock
€274.15
0.200%
With 69 Buy predictions and 2 Sell predictions Intuit Inc. is one of the favorites of our community.
As a result the target price of 508 € shows a very positive potential of 85.3% compared to the current price of 274.15 € for Intuit Inc..
