2024-03-08 12:58:08 ET
Summary
- Intuit Inc.'s stock price has appreciated by more than 57% over the past year and this is now a problem for future returns.
- A major improvement in margins is needed in order to sustain the current valuation and the odds of this happening are very low.
- The current business strategy is failing to deliver impressive results and this could also weigh on Intuit's share price in 2024.
Intuit Inc.'s ( INTU ) share price has been on a tear recently, appreciating by more than 57% over the 12-month period alone. At the same time, the Nasdaq Composite Index (COMP.IND) increased by only 37%, which is a record high but yet looks insignificant when compared to what INTU has achieved....
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For further details see:
Intuit: Valuation Is Once Again At Unsustainable Levels (Rating Downgrade)