Why Intuit's Stock is Lagging Behind Tech Giants

Intuit is a big name in financial software, known for products like QuickBooks, TurboTax, and Mailchimp. It's a major player, with a market value of around $175. 4 billion, putting it in the "large-cap" category. This means it's a stable, well-established company in the software industry. But lately, Intuit's stock has been having a tough time. It's dropped 22. 7% from its highest point last year. Over the past three months, it's fallen 4. 6%, while the broader tech sector has actually gone up by 7. 9%. Even over the past year, Intuit's stock has only inched up by 1. 5%, while the tech sector has seen a 20. 9% rise. One big reason for this struggle is Mailchimp, Intuit's email marketing platform. It's not performing well, and that's dragging down the whole company. Investors are getting worried about Intuit's strategy of selling multiple products together and growing its ecosystem. This has made them question the company's future growth and value. Interestingly, even though Intuit is doing better than its rival Salesforce, which has seen bigger drops, analysts are still pretty hopeful about Intuit's future. They've given it a "Moderate Buy" rating, with a price target that's about 31. 9% higher than where the stock is now. So, while Intuit is facing some challenges, it's not all bad news. The company is still strong, and there's hope that it can bounce back.