Intuit gains on strong earnings forecasts
ReutersMay 23, 2025 2:17 PM
Shares of TurboTax-maker Intuit INTU.O rise 8.5% to $722.79 in morning trading
At least 17 brokerages raise PT on INTU after co raises FY25 forecast and projects strong Q4 revenue, profit
Average rating of 32 brokerages covering INTU is "buy" and median PT now at $785 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" -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
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