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Intuit stock remains a top pick: Citi analyst

Yahoo Finance Live’s Brian Sozzi discusses Intuit stock performance amid one Citi analyst’s Buy rating on the TurboTax parent company.

Video Transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, before we head to break, let's call up shares of TurboTax and Mailchimp owner Intuit. The company has an investor day on Thursday, where it's widely expected execs will strike an upbeat tone on long-term profit potential. Just a few weeks ago, Intuit CEO Sasan Goodarzi told me, he's not seeing any slowdown in his business.

Citi analyst Steven Enders seems to be on board with Goodarzi's assessment. Enders is out today saying, Intuit remains a top pick into its investor day. Analysts reaffirmed a buy rating and $538 price target, which assumes about 37% upside from current levels.