If you don’t need an EIN for federal tax purposes, you can still request one for banking or state tax purposes. An EIN is a federal tax ID number for businesses, tax-exempt organizations and http://tinytotscleaning.com.au/Exton/bookkeeping-2/adjusting-entry-for-bad-debts-expense/ other entities.
MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks https://www.siasatnusantara.com/conservatism-constraint/ they recommend to their clients on a daily basis. Finally, Oppenheimer decreased their price objective on Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. BMO Capital Markets reduced their target price on Intuit from $810.00 to $624.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company.
The company has beaten consensus EPS estimates in each of the last four quarters, underscoring its track record of steady performance.Wall Street is still leaning bullish on Intuit, but the enthusiasm isn’t unanimous. In Intuit’s case, concerns about future disruption have overshadowed present-day fundamentals, pressuring the shares despite resilient execution.Looking forward to the fiscal year ending in July 2026, analysts expect INTU’s EPS to rise 12.1% year-over-year to $17.23. Www.barchart.com Intuit’s sharp slide over the past year has been driven largely by AI anxiety.
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Intuit Stock Outlook: Is Wall Street Bullish or Bearish?
- However, lofty ambitions haven\u2019t translated into stock market success.
- In related news, CFO Sandeep Aujla sold 1,335 shares of the business’s stock in a transaction dated Monday, January 5th.
- Finally, Oppenheimer decreased their price objective on Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd.
- Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
- Technology ETF (IYW), which is up 15.5% in 2025 and has slipped just 4.6% so far in 2026, underscoring the stock’s pronounced underperformance within the tech space.
ProConnect Tax Online is a cloud-based tax software that supports over 5,700 tax forms, including Forms 1040, 1041, 1120, 1120-S, and 1065, and features more than 21,000 error diagnostics. The platform enables tax professionals to prepare and file individual and business returns entirely online, with workflows accessible from any location. Intuit ProConnect Tax Online (formerly Intuit Tax Online) is a cloud-based professional tax preparation software designed for accountants and tax advisors. Each product is designed for a different segment of the professional tax market, from individual practitioners to firms that manage complex or high-volume returns. Intuit Professional Tax Software is a portfolio of tax preparation products developed by Intuit for accounting and tax professionals.
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Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Consequently, upward revisions in estimates express analysts’ positivity towards the business operations and its ability to generate profits. For comprehensive rankings of all C-rated Information Technology stocks, consult the Weiss Stock Screener.
Keep in mind that you may be required to pay outstanding business taxes, pay any remaining employment taxes, as well as file the final tax returns before you can close your business. You need an EIN if you’re doing taxes as a business, but what if you decide to close your business? If you don’t have any previous tax returns, bank account statements, or your EIN confirmation letter, you can contact the IRS to find your EIN.
- The stock has a 50 day simple moving average of $571.69 and a 200-day simple moving average of $637.30.
- See the latest tax law changes
- Roughly 37% of taxpayers are eligible.
- However, lofty ambitions haven’t translated into stock market success.
- BMO Capital Markets reduced their target price on Intuit from $810.00 to $624.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th.
- Every 2024 W-2 that you received must be reported on your 2024 tax return, even if they are for small amounts.
While Intuit’s Feb. 11 introduction of an AI-powered Construction Edition for its Enterprise Suite targets the substantial $2 trillion construction market, investors are viewing this as a long-term growth opportunity rather than an immediate earnings catalyst. With shares trading near 12-month lows, market participants appear increasingly focused on downside risks and valuation concerns rather than forward-looking targets that remain subject to rapid revision in volatile conditions. The stock’s performance also lagged its large-cap software peers, with INTU’s sharp decline contrasting with the more resilient trading in Oracle (ORCL), Palantir (PLTR), and AppLovin Corporation (APP). The decline erased $18.30 per share in value, reinforcing selling pressure that has kept the stock under pressure on the NASDAQ. He says he received a letter in May 2024, purportedly from the IRS, that contained highly sensitive information, including his Social Security number and the exact amount he owed on taxes in 2023. Wall Street is still leaning bullish on Intuit, but the enthusiasm isn’t unanimous.
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Technology ETF (IYW), which is up 15.5% in 2025 and has slipped just 4.6% so far in 2026, underscoring the stock’s pronounced underperformance within the tech space. However, lofty ambitions haven’t translated into stock market success. Through these platforms, Intuit provides solutions spanning tax preparation, personal finance, accounting, marketing and business management.
TurboTax calculations are 100% accurate so your taxes will be done right, guaranteed, or we’ll pay you any IRS penalties. All backed for the full 7-year life of your tax return. See the latest tax law changes We stay up-to-date on the latest tax law changes that affect you and your tax return—so you don’t have to. Keep track of which docs you’ll need when it’s time to file taxes.
Intuit has lobbied against IRS proposals to create a free, pre-filled tax filing system. As of the 2021 tax filing season, TurboTax no longer participates in the Free File Alliance. Intuit is listed on the Nasdaq stock exchange and is a component of the Nasdaq-100, S&P 100, and S&P 500 stock market indices. Intuit’s products include the tax preparation application TurboTax, the small business accounting software QuickBooks, the credit monitoring and personal finance service Credit Karma, and the email marketing platform Mailchimp.
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Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. The shares were sold at an average price of $650.10, for a total transaction of $26,654,100.00. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the stock in a transaction dated Wednesday, January 7th. The trade was a 71.35% decrease in their ownership of the stock. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10.
Looking forward to the fiscal year ending in July 2026, analysts expect INTU’s EPS to rise 12.1% year-over-year to $17.23. Wall Street is still leaning bullish on Intuit, but the enthusiasm isn\u2019t unanimous. Looking forward to the fiscal year ending in July 2026, analysts expect INTU\u2019s EPS to rise 12.1% year-over-year to $17.23. The firm’s stance is backed by its annual survey of U.S. tax filers, which highlighted largely positive trends for TurboTax. Meanwhile, seven analysts sit on the sidelines with “Hold” ratings, and one has turned outright cautious with a “Strong Sell.” Notably, this overall rating mix has remained largely unchanged over the past three months.
TurboTax Free File was developed as part of an agreement whereby members of the Free File Alliance would offer tax preparation for individuals below an income threshold for free in exchange for the IRS not providing taxpayers with free pre-filled forms. Among others, it purchased a large stake in Excite and acquired Lacerte Software, a Dallas-based developer of tax preparation software used by tax professionals. On March 12, 1993, Intuit went public on the NASDAQ stock intuit ein exchange under the ticker symbol INTU.
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The mean price target of $787.78 represents a premium of 97.2% to INTU’s current levels, while the Street-high price target of $971 implies a potential upside of 143.1% from the current price levels. Earlier this month, BMO Capital trimmed its price target on Intuit to $624 from $810 but kept its “Outperform” rating intact, signaling continued confidence despite recent volatility. The mean price target of $787.78 represents a premium of 97.2% to INTU\u2019s current levels, while the Street-high price target of $971 implies a potential upside of 143.1% from the current price levels. Earlier this month, BMO Capital trimmed its price target on Intuit to $624 from $810 but kept its \u201cOutperform\u201d rating intact, signaling continued confidence despite recent volatility. In particular, TurboTax Full Service is gaining traction through its expanding local strategy, opening the door to meaningful upsell and cross-sell opportunities.The mean price target of $787.78 represents a premium of 97.2% to INTU’s current levels, while the Street-high price target of $971 implies a potential upside of 143.1% from the current price levels. The stock holds a consensus “Moderate Buy” rating from 31 analysts, with 20 “Strong Buys” and three additional “Moderate Buy” anchoring the optimistic camp.
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