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Goldman: Buy this under-the-radar cloud play

Eduardo Mueses | EyeEm | Getty Images

Growth from Intuit's Quickbooks small business segment will accelerate in the coming years as it transitions to a cloud-based platform, boosting the shares by more than 10 percent in 12 months, according to Goldman Sachs

"Cloud business (is) in the midst of what could be a multi-year inflection," Goldman Sachs' Jesse Hulsing wrote in a note to clients Monday. "Intuit is leveraging cloud-based delivery to expand into new markets and more effectively address non-consumption."

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