It’s Karma: Once Struggling Startup Unlocks Fintech Riches [Yahoo! Finance News]
Intuit Inc. (INTU)
Last intuit inc. earnings: 2/24 04:01 pm
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Source: Yahoo! Finance News
) -- Ken Lin co-founded Credit Karma Inc. in 2007 after struggling to find out his own credit score. That’s something he probably won’t need in the future. Intuit Inc. -- the software giant behind TurboTax -- said Monday it’s buying Credit Karma for about $7.1 billion in cash and stock. The firm, which offers free credit scores and help applying for cards and loans, has more than 100 million members and reported unaudited revenue of nearly $1 billion in 2019, according to a company statement. Lin, 44, who owns at least 15% of the San Francisco-based company, is poised for a ten-figure windfall, according to calculations by the Billionaires Index, the latest fintech founder to strike gold in recent months as more established firms snap up upstarts. It caps a remarkable rise for Lin, who as a child immigrated to the U.S. from China with his parents and was the first of his family to graduate from college. The founder is far from the stereotypical staid financial planner. Described as a
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INTU
News
- S&P 500 Moves Higher; Intuit Shares Fall Following Q1 Results [Yahoo! Finance]Yahoo! Finance
- Intuit Inc. (NASDAQ: INTU) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $760.00 price target on the stock.MarketBeat
- Intuit Inc. (NASDAQ: INTU) had its price target raised by analysts at Jefferies Financial Group Inc. from $790.00 to $800.00. They now have a "buy" rating on the stock.MarketBeat
- Intuit's Q1 Earnings Surpass Estimates, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Intuit Inc. (NASDAQ: INTU) had its price target raised by analysts at JPMorgan Chase & Co. from $600.00 to $640.00. They now have a "neutral" rating on the stock.MarketBeat
INTU
Earnings
- 11/21/24 - Beat
INTU
Sec Filings
- 11/21/24 - Form 10-Q
- 11/21/24 - Form 8-K
- 11/15/24 - Form PRE
- INTU's page on the SEC website