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Intuit Stock Prediction: Accounting Software Leader Intuit Has More Upside Potential

The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

Intuit’s stock posted a new 52-week high of $140.25 after it reported better-than-expected Q3 FY 2017 earnings.
In spite of stiff competition, Intuit’s QuickBooks Online accounting SaaS product still posted 59% growth in subscribers, bringing the total 2.2 million.
QuickBooks Online also saw a 79% Quarter-over-Quarter growth in its international subscribers, bringing the total to 433,000.
The success of QuickBooks Online is why Intuit remains a leader in the global Enterprise SaaS. QuickBooks Online also appeals to medium and large enterprises.
INTU has positive market trend algorithmic forecasts from I Know First. It is therefore recommended to go long on INTU right now.