Jim Cramer on Intuit: "This Is a Very Good Company"

Intuit Inc. (NASDAQ:INTU) is one of the noteworthy S&P 500 stocks Jim Cramer highlighted. Cramer highlighted the significant change in the company’s valuation, as he commented:

Looking at last month’s biggest losers, number two, number four, number seven, number nine, and number ten, they are all software companies. They’re all the same business model. They’re all weighed down by the same thing as AppLovin, AI worries that are shrinking price-to-earnings multiples. The second worst performer in the S&P 500 last month was Intuit, the maker of TurboTax and QuickBooks, as well as a couple of other personal finance platforms and marketing tools for small businesses. This thing was down nearly 25% in January. This is a very good company… Intuit’s forward price-to-earnings multiple has gone from just over 30 times forward earnings at the end of 2024 to just under 20 times earnings now.

Intuit Inc. (NASDAQ:INTU) provides financial management, tax preparation, marketing, and personal finance solutions. During the January 28 episode, a caller asked for Cramer’s take on the stock’s outlook specifically when the MACD line crosses the signal line. He responded:

Maybe it’s going to be technical, but I’ve gotta tell you, I feel like my, I’m so beaten down.. This is enterprise software, it’s not software as a service. So I think it should do better. So, I agree with you. I would be a buyer, but oh my god, these stocks are so heavy. I feel wa… They’re like wearing seaman galoshes.

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Disclosure: None. This article is originally published at Insider Monkey.