Join our community of smart investors

Growth opportunities justify high share prices

Quality and a growing addressable market are worth paying up for.
October 6, 2023
  • This great SaaS company justifies its price tag.
  • Plus a cyclical events business that could be worth a lot to someone.

This week we look at a US software as a service (SaaS) business that still has tremendous growth potential which justifies its lofty market valuation. Plus we run the rule over an events business recovering well from Covid.

US-listed Intuit (US:INTU) has had phenomenal success and is a share that has trounced the S&P 500 over the last decade.  The company's Quickbooks financial software brand, as well as other finance-related products, have powered growth amongst small businesses, accountants and self-employed individuals and delivered stunning returns for shareholders. 

This is Alpha subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL
 +
ALPHA
Investors' Chronicle | Alpha subscription info icon
TRIAL
Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
  • Plus Alpha research reports, stock screens,
    and deeper insights
Have an account? Sign in