Intuit Partners with NFL for Financial Literacy Forum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Should l Buy INTU?
Source: Businesswire
- Financial Literacy Forum: Intuit collaborates with the NFL's Inspire Change initiative and the San Francisco 49ers Foundation to host a Financial Literacy Forum aimed at providing hundreds of Bay Area high school students with core concepts of personal and business finance, enhancing students' financial capability and confidence.
- Interactive Learning Experience: The forum will engage students in real-world business activities and interactive experiences to help them understand credit management, tax knowledge, and marketing, making the learning process more dynamic and enjoyable.
- National Finance Challenge: Intuit launches its annual Hour of Finance Challenge, encouraging educators to teach financial literacy in classrooms, providing free resources aimed at helping 50 million students achieve financial literacy by 2030, thereby enhancing their economic capabilities.
- Community Collaboration and Impact: By partnering with the NFL and the 49ers Foundation, Intuit leverages the attention of Super Bowl week to promote the accessibility of financial education, helping to break down barriers to economic mobility and advance social equity.
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Analyst Views on INTU
Wall Street analysts forecast INTU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INTU is 814.59 USD with a low forecast of 700.00 USD and a high forecast of 880.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 487.120
Low
700.00
Averages
814.59
High
880.00
Current: 487.120
Low
700.00
Averages
814.59
High
880.00
About INTU
Intuit Inc. offers a financial technology platform that helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. It also provides specialized tax products to accounting professionals. Its offerings include TurboTax, Credit Karma, QuickBooks, and Mailchimp. Lacerte, ProSeries, and ProConnect Tax Online. Its Global Business Solutions segment serves small and mid-market businesses around the world, and the accounting professionals who assist and advise them. Its Consumer segment serves consumers and includes do-it-yourself and assisted TurboTax income tax preparation products and services sold in the United States and Canada. Its Credit Karma segment serves consumers with a personal finance platform that provides personalized recommendations for credit card, home, auto, and personal loan, and insurance products. Its ProTax segment serves professional accountants in the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Intuit's Strong Performance: Intuit has raised its dividend for 14 consecutive years, with a current payout ratio of just 21%, indicating robust profitability and cash flow, and is expected to achieve a 14% annualized earnings growth over the next 3-5 years, making it a worthy investment amid market fluctuations.
- Visa's Network Effects: As the global leader in payment networks, Visa has increased its dividend for 16 consecutive years, with a revenue model that allows income to grow faster than expenses; currently trading at 25 times earnings, analysts project a 13% annualized growth in the coming years, providing stable returns for shareholders.
- S&P Global's Historical Advantage: Known as a Dividend King, S&P Global has raised its dividend for 50 consecutive years, and its authoritative position in global financial markets ensures relatively stable business; trading at 26 times earnings, with expected earnings growth of 11%-12%, it is suitable for long-term holding.
- Long-Term Value of Dividend Stocks: These dividend stocks not only provide stable cash flow but also represent a safe haven for investors in uncertain market conditions due to their strong market positions and growth potential, showcasing the appeal of long-term investments.
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- Technical Pressure: Intuit's stock is currently trading below key trend lines, sitting 24.6% under its 20-day SMA and 36.6% under its 200-day SMA, indicating persistent selling pressure, with a 28.22% decline over the past year, nearing its 52-week lows, suggesting a lack of market confidence.
- Weak Momentum Indicators: The Relative Strength Index (RSI) has dropped to 22.45, indicating an oversold condition, and while a short-term bounce may occur, the MACD remains below its signal line, showing that bearish momentum is still strong, leading to an overall negative market sentiment.
- Analyst Outlook: Prior to Oppenheimer's downgrade, Wells Fargo had already reduced its rating from Overweight to Equal-Weight, cutting the target price from $840 to $700, reflecting a cautious market view on Intuit's future performance.
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Intuit Partners with NFL for Financial Literacy Forum
- Financial Literacy Forum: Intuit collaborates with the NFL's Inspire Change initiative and the San Francisco 49ers Foundation to host a Financial Literacy Forum aimed at providing hundreds of Bay Area high school students with core concepts of personal and business finance, enhancing students' financial capability and confidence.
- Interactive Learning Experience: The forum will engage students in real-world business activities and interactive experiences to help them understand credit management, tax knowledge, and marketing, making the learning process more dynamic and enjoyable.
- National Finance Challenge: Intuit launches its annual Hour of Finance Challenge, encouraging educators to teach financial literacy in classrooms, providing free resources aimed at helping 50 million students achieve financial literacy by 2030, thereby enhancing their economic capabilities.
- Community Collaboration and Impact: By partnering with the NFL and the 49ers Foundation, Intuit leverages the attention of Super Bowl week to promote the accessibility of financial education, helping to break down barriers to economic mobility and advance social equity.
See More
Intuit Partners with 49ers to Host Financial Literacy Forum
- Financial Literacy Forum: Intuit collaborates with the San Francisco 49ers to host a Financial Literacy Forum aimed at providing hundreds of Bay Area high school students with core concepts of personal and business finance, enhancing students' financial confidence and capability through interactive experiences.
- Challenge Initiative Launch: Intuit kicks off its annual Hour of Finance Challenge, encouraging schools nationwide to dedicate at least one hour to teaching financial literacy, with a goal to help 50 million students improve their financial literacy by 2030.
- Interactive Learning Experience: The forum will engage students in real-world business activities and financial management simulations, helping them understand credit management and tax knowledge, thereby laying a foundation for future financial success.
- Community Collaboration: This initiative aligns with the NFL's Inspire Change initiative, aimed at breaking down barriers to economic mobility, leveraging the attention of Super Bowl week to promote equity and accessibility in financial education.
See More
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- Divergent Market Performance: The S&P 500 Index fell by 0.35% today while the Dow Jones Industrial Average rose by 0.13%, indicating a split in market sentiment, particularly as weakness in tech stocks weighed on overall performance.
- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
- Economic Data Impact: Despite strong US manufacturing data, the 10-year T-note yield climbed to a 1.5-week high of 4.30%, dampening expectations for further Fed rate cuts and leading to cautious investor sentiment that pressured some stocks.
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- Market Concerns Intensify: Software stocks faced significant sell-offs on Tuesday due to fears that new AI tools from Anthropic could erode market share from traditional enterprise software, with CrowdStrike's stock down about 24% from its November peak of $557.
- AI Threat Analysis: While the overall sentiment towards the software sector is negative, Cramer believes that AI poses a positive influence on cybersecurity firms, as it complicates the tactics of cybercriminals, thereby increasing the demand for premier cybersecurity solutions.
- Impact of ETF-ization: Cramer highlights that the ETF-ization of the market has led to unjustified sell-offs of quality companies alongside those genuinely at risk, with CrowdStrike being a prime example of a cybersecurity leader benefiting from this trend.
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Three Dividend Stocks Worth Buying
- Intuit's Strong Performance: Intuit has raised its dividend for 14 consecutive years, with a current payout ratio of just 21%, indicating robust profitability and cash flow, and is expected to achieve a 14% annualized earnings growth over the next 3-5 years, making it a worthy investment amid market fluctuations.
- Visa's Network Effects: As the global leader in payment networks, Visa has increased its dividend for 16 consecutive years, with a revenue model that allows income to grow faster than expenses; currently trading at 25 times earnings, analysts project a 13% annualized growth in the coming years, providing stable returns for shareholders.
- S&P Global's Historical Advantage: Known as a Dividend King, S&P Global has raised its dividend for 50 consecutive years, and its authoritative position in global financial markets ensures relatively stable business; trading at 26 times earnings, with expected earnings growth of 11%-12%, it is suitable for long-term holding.
- Long-Term Value of Dividend Stocks: These dividend stocks not only provide stable cash flow but also represent a safe haven for investors in uncertain market conditions due to their strong market positions and growth potential, showcasing the appeal of long-term investments.
See More
Intuit Shares Plummet as Oppenheimer Cuts Price Target
- Price Target Cut: Oppenheimer analyst Scott Schneeberger lowered Intuit's price target from $868 to $696, a nearly 20% reduction, reflecting increased selling pressure on software stocks that could impact the company's future earnings outlook.
- Technical Pressure: Intuit's stock is currently trading below key trend lines, sitting 24.6% under its 20-day SMA and 36.6% under its 200-day SMA, indicating persistent selling pressure, with a 28.22% decline over the past year, nearing its 52-week lows, suggesting a lack of market confidence.
- Weak Momentum Indicators: The Relative Strength Index (RSI) has dropped to 22.45, indicating an oversold condition, and while a short-term bounce may occur, the MACD remains below its signal line, showing that bearish momentum is still strong, leading to an overall negative market sentiment.
- Analyst Outlook: Prior to Oppenheimer's downgrade, Wells Fargo had already reduced its rating from Overweight to Equal-Weight, cutting the target price from $840 to $700, reflecting a cautious market view on Intuit's future performance.
See More
Intuit Partners with NFL for Financial Literacy Forum
- Financial Literacy Forum: Intuit collaborates with the NFL's Inspire Change initiative and the San Francisco 49ers Foundation to host a Financial Literacy Forum aimed at providing hundreds of Bay Area high school students with core concepts of personal and business finance, enhancing students' financial capability and confidence.
- Interactive Learning Experience: The forum will engage students in real-world business activities and interactive experiences to help them understand credit management, tax knowledge, and marketing, making the learning process more dynamic and enjoyable.
- National Finance Challenge: Intuit launches its annual Hour of Finance Challenge, encouraging educators to teach financial literacy in classrooms, providing free resources aimed at helping 50 million students achieve financial literacy by 2030, thereby enhancing their economic capabilities.
- Community Collaboration and Impact: By partnering with the NFL and the 49ers Foundation, Intuit leverages the attention of Super Bowl week to promote the accessibility of financial education, helping to break down barriers to economic mobility and advance social equity.
See More
Intuit Partners with 49ers to Host Financial Literacy Forum
- Financial Literacy Forum: Intuit collaborates with the San Francisco 49ers to host a Financial Literacy Forum aimed at providing hundreds of Bay Area high school students with core concepts of personal and business finance, enhancing students' financial confidence and capability through interactive experiences.
- Challenge Initiative Launch: Intuit kicks off its annual Hour of Finance Challenge, encouraging schools nationwide to dedicate at least one hour to teaching financial literacy, with a goal to help 50 million students improve their financial literacy by 2030.
- Interactive Learning Experience: The forum will engage students in real-world business activities and financial management simulations, helping them understand credit management and tax knowledge, thereby laying a foundation for future financial success.
- Community Collaboration: This initiative aligns with the NFL's Inspire Change initiative, aimed at breaking down barriers to economic mobility, leveraging the attention of Super Bowl week to promote equity and accessibility in financial education.
See More
Mixed US Stock Performance with Tech Stocks Under Pressure
- Divergent Market Performance: The S&P 500 Index fell by 0.35% today while the Dow Jones Industrial Average rose by 0.13%, indicating a split in market sentiment, particularly as weakness in tech stocks weighed on overall performance.
- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
- Economic Data Impact: Despite strong US manufacturing data, the 10-year T-note yield climbed to a 1.5-week high of 4.30%, dampening expectations for further Fed rate cuts and leading to cautious investor sentiment that pressured some stocks.
See More
Jim Cramer Increases Stake in CrowdStrike
- Increased Holdings: Jim Cramer's Charitable Trust purchased 10 shares of CrowdStrike at approximately $417, raising its total holdings to 255 shares and increasing its portfolio weighting from 2.6% to 2.75%, reflecting confidence in the company.
- Market Concerns Intensify: Software stocks faced significant sell-offs on Tuesday due to fears that new AI tools from Anthropic could erode market share from traditional enterprise software, with CrowdStrike's stock down about 24% from its November peak of $557.
- AI Threat Analysis: While the overall sentiment towards the software sector is negative, Cramer believes that AI poses a positive influence on cybersecurity firms, as it complicates the tactics of cybercriminals, thereby increasing the demand for premier cybersecurity solutions.
- Impact of ETF-ization: Cramer highlights that the ETF-ization of the market has led to unjustified sell-offs of quality companies alongside those genuinely at risk, with CrowdStrike being a prime example of a cybersecurity leader benefiting from this trend.
See More
