Intuit stock price target raised to $820 at BMO Capital

On Friday, BMO Capital Markets maintained a positive outlook on Intuit shares (NASDAQ:INTU), raising the price target to $820 from $714 while keeping an Outperform rating on the stock. The firm’s analysts highlighted Intuit’s strong financial performance in the third fiscal quarter of 2025 and an upward revision of its full-year guidance, which exceeded expectations. According to InvestingPro data, 20 analysts have recently revised their earnings estimates upward, with the stock currently trading near its 52-week high of $734.18.

Intuit’s recent earnings report showcased significant growth in its Consumer segment, driven primarily by the success of its Live offering. With impressive gross profit margins of 80.26% and revenue growth of 15% over the last twelve months, this performance has contributed to a projected growth rate of around 10% for the year, surpassing initial market expectations. The positive results have also helped alleviate some concerns regarding the company’s medium-term growth prospects.

Furthermore, the strength observed in Intuit’s Credit Karma business is anticipated to fuel an approximate 18.5% increase in earnings per share (EPS) for the current fiscal year. Analysts at BMO Capital Markets expressed confidence in Intuit’s trajectory, citing upcoming AI-driven innovations as a reason for their continued support.

The firm has adjusted its estimates upward in response to Intuit’s robust third-quarter results and raised guidance. The new price target of $820 reflects BMO Capital’s reassessment of Intuit’s growth potential and market position.

Intuit, known for its financial management software such as TurboTax and QuickBooks, has been integrating artificial intelligence into its products to enhance user experience and efficiency. These technological advancements are expected to continue contributing to the company’s growth and performance in the market. InvestingPro analysis shows the company maintains a "GREAT" overall financial health score, with 16 additional ProTips available to subscribers, offering deeper insights into Intuit’s market position and growth potential.

In other recent news, Intuit has reported strong financial results for its third fiscal quarter of 2025, with revenue reaching $7.8 billion, a 15% increase compared to the previous year. The company’s non-GAAP earnings per share (EPS) stood at $11.65, surpassing the forecast of $10.93. Following these results, Intuit raised its guidance for fiscal year 2025, projecting total revenue growth of 15%, up from the prior estimate of 12-13%. This positive performance prompted analysts at RBC Capital and Jefferies to increase their price targets for Intuit to $850, both maintaining favorable ratings for the stock.

Analysts from RBC Capital highlighted Intuit’s strong tax season and momentum in its Global Business Solutions as key factors for the solid quarter. Similarly, Jefferies analyst Brent Thill emphasized the consistent performance across all segments and the promising outlook due to innovative product offerings. Intuit’s Credit Karma segment also demonstrated robust growth, contributing to the company’s overall financial success.

Looking ahead, Intuit plans to introduce new products featuring advanced AI capabilities, which are anticipated to command higher prices. The company’s strategic focus on AI innovations and expanding its customer base has been a significant driver of its strong financial outcomes. Despite economic uncertainties, Intuit’s leadership expressed confidence in their ability to sustain growth and expand market share through strategic initiatives and product enhancements.

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