Intuit Inc.(NASDAQ:INTU) Stock Moving Up on Earnings

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(NASDAQ:INTU) released its final update for its FY14 consumer tax offerings. Sales of TurboTax Online units grew 14% versus the comparable prior-year period. Year to date through April 16, total federal units grew 10%. As of April 18, total self-prepared e-files received by the IRS were up more than 6%. On a comparable basis, TurboTax accepted e-files were up 9%. TurboTax gained approximately 2 points of share in the online software category this tax season.

The company expects full-year Consumer Tax revenue growth of approximately 6%, versus previous guidance of 4%-5% growth.

Analysts have a consensus price target of $76 on Intuit Inc.(NASDAQ:INTU) which indicates a 2.54% upside. The consensus rating of the stock is a HOLD with a score of 2.41. There are currently 9 Hold ratings, 1 Sell rating and 6 Buy ratings on the stock.

A recent analyst action consisted of Evercore Partners upgrading the stock from Underweight to Equal Weight and boosting their price target from $62 to $72.

INTU is up 2.52% in morning trading.

 

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