Investopedia: Intuit Still Looks Underrated

Even if the long-term plan is sound, confusing the Street can carry real near-term costs. Consequently, I wonder if Intuit's (Nasdaq:INTU) decision to shuffle some of its operations has cost it some valuation. Then again, the stock has been pretty strong this year and is less than 10% of its 52-week high, even though its core small/medium-sized business (SMB) market is not exactly back in full health. Whatever the case may be, I think there is still a valid long-term thesis for buying or holding Intuit shares, and I think the stock looks undervalued relative to its quality.

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