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Wajeeh Khan

REVEALED: Jpmorgan just downgraded intuit stock heres why | Vintage Vibes

Intuit INTU JPMorgan JPM Mark Murphy TurboTax

JPMorgan analysts downgraded Intuit (INTU) shares to “Neutral” and slashed their price target after the company’s disappointing future guidance overshadowed its Q4 beat. INTU posted $4.35 billion in revenue and $4.03 in earnings per share (EPS) for its fourth quarter, handily beating the $4.27 billion and $3.58 per share, respectively, that analysts had forecast.

Following the post-earnings decline, Intuit stock is trading nearly 50% below its year-to-date high.

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