Intuit gains on strong forecasts, PT raises

Shares of TurboTax-maker Intuit INTU.O rise 8.3% to $721.07 premarket

At least 13 brokerages raise PT on INTU after co raises FY25 outlook and forecasts strong Q4 revenue, profit

Average rating of 32 brokerages covering INTU is "buy" and median PT now at $726 vs $720 last month - data compiled by LSEG

"Intuit is going to go big on agentic AI as this gives them lots of different avenues to go down to help automate time draining tasks for small businesses," says Quilter Cheviot analyst Ben Barringer

Jefferies says Intuit is not immune to economic uncertainty, but co is better positioned than others due to resilient tax and small business segments

As of last close, stock up ~6% this year