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Is Intuit an Undiscovered Cloud Play?

Year to date, shares of Intuit (INTU) are up 20%. As small businesses shift their accounting and tax preparation to the cloud, Intuit is poised to benefit from the transition.

On Sept. 21, Intuit held an analyst day. It laid out an ambitious plan to shift the traditional desktop user to its cloud services. QuickBooks Online is growing fast, and the company is building a strong cloud services business. Management believes it can sign up between 2...