To The Moon

$Intuit(INTU)$ reported quarterly results that beat analysts' estimates and issued stronger-than-expected guidance for the full year.

The stock rose about 4% in Tuesday trading.

The average price target for $Intuit(INTU)$ is $773.9. The highest stock forecast for $Intuit(INTU)$ is 875 USD.

Intuit stock price target raised to $820 at BMO Capital.

Source from Tiger Trade

Source from Tiger Trade

$Intuit(INTU)$ is a financial technology company that provides financial management, compliance, and marketing products and services, dedicated to helping consumers and small and medium-sized businesses thrive. The company operates through four business segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect. Intuit's flagship products include QuickBooks, TurboTax, Quicken, and Mint, which assist customers in managing small businesses, paying bills, filing income tax returns, and managing personal finances.

In the second quarter of 2025, Intuit achieved revenue of $3.96 billion, a significant increase of 17% year-over-year, exceeding analysts' expectations. Additionally, revenue from Intuit's Small Business and Self-Employed Group segment increased by 19% year-over-year to $2.7 billion, indicating continued growth in its core business areas. The company also reaffirmed its performance guidance for fiscal year 2025, expecting total revenue to grow by 12%-13% year-over-year, with an expected range of $18.16 billion to $18.35 billion. Adjusted earnings per share are expected to increase by 13%-14%, with a range of $19.16 to $19.36.

Following the release of better-than-expected third-quarter revenue and profits, Intuit's stock price soared by 8.6% on Friday, May 23rd. The company reported non-GAAP earnings per share of $11.65 (beating the expected range of $10.91-10.93), with revenue of $7.75 billion (beating the expected $7.56 billion). Revenue increased by 15.1% year-over-year. Growth was driven primarily by its Consumer (TurboTax, up 11%), Small Business & Self-Employed (QuickBooks, up 19%), and Credit Karma (up 31%) segments. CEO Sasan Goodarzi emphasized the company's strategy of leveraging artificial intelligence: "We are redefining the possibilities of AI by becoming a one-stop shop for AI agents and AI-enabled human experts."

Intuit's strong performance and optimistic outlook, particularly its focus on integrating artificial intelligence, indicate that established software companies with large user bases are finding tangible ways to monetize AI, thereby driving growth and strengthening investor confidence in an uncertain macroeconomic environment.