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Investing.com - BMO Capital has reiterated its Outperform rating and $870.00 price target on Intuit (NASDAQ:INTU), citing the company’s positive outlook presented at its annual investor day. According to InvestingPro data, analysts maintain a strong bullish consensus on the stock, with price targets ranging from $600 to $971.
The financial software provider demonstrated improved momentum in its Tax segment and highlighted significant mid-market opportunities driven by its IES and QBOA offerings, according to BMO Capital’s analysis. The company’s strong market position is reflected in its impressive 80.39% gross profit margin and robust 15.63% revenue growth over the last twelve months.
BMO noted Intuit has achieved good initial traction with its first set of live AI Agents deployed on the platform, positioning the company favorably in the evolving artificial intelligence landscape.
The firm also pointed to strong growth in Intuit’s service offerings, specifically in payments and payroll solutions, as additional factors supporting the maintained price target.
BMO Capital identified Intuit as its "favorite large cap idea," expressing confidence that the company appears well-positioned to sustain at least double-digit growth while expanding profit margins despite industry concerns about legacy SaaS companies navigating the transition to agentic AI.
In other recent news, Intuit has reaffirmed its fiscal first-quarter and full-year 2026 guidance, projecting revenue between $20.997 billion and $21.186 billion, indicating a growth of 12% to 13%. The company also maintained its non-GAAP earnings per share guidance of $22.98 to $23.18, reflecting a projected growth of 14% to 15% for the fiscal year. RBC Capital reiterated its Outperform rating on Intuit, setting a price target of $850, due to strong mid-market performance and long-term growth potential. Mizuho also maintained its Outperform rating with a higher price target of $875, highlighting the company’s internal goal to accelerate revenue growth to 20% by 2030. Despite these positive projections, Intuit’s stock faced a decline following its fourth-quarter results, which showed a 20% revenue growth for the quarter and 16% for fiscal year 2025. Concerns were raised about the company’s first-quarter fiscal 2026 guidance, which some analysts described as "light." Mizuho, however, views the recent share weakness as a buying opportunity, emphasizing strong core business momentum. Intuit’s Investor Day presentation further reinforced its financial projections and growth strategies.
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