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.
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Source Fool.com
Intuit Inc. Stock
€281.70
4.840%
The stock is one of the favorites of our community with 75 Buy predictions and 1 Sell predictions.
With a target price of 512 € there is a hugely positive potential of 81.75% for Intuit Inc. compared to the current price of 281.7 €.
