2024-05-24 07:38:21 ET
Summary
- Intuit's stock sold off due to weaker-than-expected guidance, but its balance sheet and cash flow support its financial stability.
- Intuit is a robust growth company with a strong revenue growth outlook for fiscal 2024, indicating continued growth in fiscal 2025.
- Despite the stock's drop, Intuit's valuation at 32x forward non-GAAP EPS is justified due to its financial strengths and growth potential.
Investment Thesis
Intuit ( INTU ) stock sold off, as the company's guidance was weaker than expected. That's the thing that the market has latched onto....
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For further details see:
Intuit Earnings: Let's Look Beyond The Short-Term Noise