Helios_Capital_Investment

IRS -- Friend or foe

BATS:INTU   Intuit Inc.
The IRS's recent announcement of direct tax filing services in 13 states poses a direct and significant threat to Intuit Inc.'s (INTU) core business, specifically its tax preparation software and services. This government-backed initiative not only erodes the competitive advantage enjoyed by Intuit but also undermines its revenue stream in the affected states. As a result, we anticipate a decline in INTU's stock price over the medium term, reflecting the growing uncertainty surrounding its future earnings potential in these regions. Shorting INTU allows investors to capitalize on this imminent competitive disruption and potential reduction in market share

Targets:
$484

$429
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