Intuit stock hits all-time high at 775.36 USD

Intuit (NASDAQ:INTU) stock reached a new all-time high, hitting 775.36 USD, showcasing the company’s impressive performance over the past year. With a market capitalization of $215.46 billion and an exceptional gross profit margin of 80.26%, the company demonstrates strong financial health. This milestone reflects a significant 1-year return of 19.41%, indicating strong investor confidence and robust growth in Intuit’s financial standing. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The stock’s ascent to this all-time high underscores the company’s successful strategies and market positioning, with revenue growth of 15% and an "GREAT" financial health score from InvestingPro. As the company continues to innovate and expand its offerings in the financial software sector, investors and analysts will be watching closely to see if this momentum can be sustained in the coming months. For deeper insights into Intuit’s valuation and growth prospects, investors can access comprehensive Pro Research Reports available on InvestingPro, offering detailed analysis of this prominent software industry player.

In other recent news, Intuit has been the subject of several analyst reports highlighting its financial performance and growth prospects. Mizuho (NYSE:MFG) Securities raised its price target for Intuit to $875, citing a strong outlook for the QuickBooks segment and expected growth in the company’s online ecosystem. This increase follows a successful TurboTax season and a projected compound annual growth rate of 22% for Intuit’s online ecosystem revenue from fiscal year 2026 to 2028. Meanwhile, Stifel analysts maintained their Buy rating with an $850 price target, noting Intuit’s recent price increases for QuickBooks products and the potential for sustained revenue growth in its Global Business Segment.

BMO Capital Markets also reiterated its Outperform rating and $820 price target, emphasizing Intuit’s growth potential in the Assisted tax category and the QuickBooks business. The firm highlighted Intuit’s strong fiscal third quarter performance and the potential for margin expansion through platform benefits and AI utilization. CLSA initiated coverage of Intuit with an Outperform rating and a $900 price target, pointing to the company’s significant R&D investments and its growing share of the U.S. financial ecosystem.

Stifel’s analysis further suggests that Intuit’s strategic pricing initiatives and product development efforts are likely to enhance revenue streams, with low customer turnover expected despite price hikes. The combination of these recent developments underscores the positive sentiment among analysts regarding Intuit’s future growth and financial performance.

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