Intuit Inc.
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已更新

$INTU cross-selling strategy is not working as expected.

126
- An integrated strategy across mailchimp <-> Quickbooks <-> Credit Karma <-> Turbotax
- It's taking longer than usual, cross-selling and networking effect between platform isn't meaningful despite lot of efforts.
- Valuation has always been rich but law of large number is coming to bite them. Earnings are expected to grow at a lower rate next year.
- Premium multiple needs to be moderated to account for slowdown in growth.
注释
Fundamentally,

Year | 2026 | 2027 | 2028
EPS | 23.09 | 26.43 | 30.48
EPS% |14.86% | 14.47% |15.34%

Any company growing eps mid teens with some brand value and a moat deserves a forward p/e of 20. But INTU works in oligopolistic businesses therefore assigning a forward p/e of 25 to be lenient

Fair Stock value
Year | 2026 | 2027 | 2028
price | $577 | $660 | $762
交易结束:到达止损
- covered short, INTU captured 200 sma on august 28, 2025
注释
INTU looks weak and got rejected again from 200 SMA

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