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Intuit Inc (NASDAQ:INTU). stock has reached an all-time high, hitting a price of 790.75 USD, pushing its market capitalization to $220.26 billion. According to InvestingPro analysis, the company maintains an impressive 80.26% gross profit margin and has achieved 15% revenue growth over the past year. This milestone reflects a significant upward trend for the company, which has seen a 24.08% increase over the past year. The rise in stock price underscores investor confidence and the company’s strong performance in its sector, earning a "GREAT" Financial Health Score from InvestingPro. As Intuit continues to innovate and expand its offerings, the stock’s upward trajectory highlights its resilience and potential for future growth. For deeper insights into Intuit’s valuation and 18 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Intuit Inc. has introduced significant updates to its Enterprise Suite, incorporating AI-powered capabilities aimed at automating financial, accounting, and payment tasks. These enhancements also include advanced financial management tools and business intelligence features designed to support mid-market businesses. Additionally, Intuit announced the launch of its Intuit App Partner Program, which features four partnership tiers to support developers working on applications for QuickBooks and Intuit Enterprise Suite.
BMO Capital has raised its price target for Intuit to $870, maintaining an Outperform rating, citing potential benefits from the One Big Beautiful Bill Act for Intuit’s TurboTax business. Mizuho (NYSE:MFG) also reiterated its Outperform rating with a $875 price target, following Intuit’s announcement of its new AI agents. Furthermore, Mizuho noted that Intuit’s workforce reduction plan, which involves cutting approximately 600 jobs in California, could potentially lead to an increase in operating margins. These developments reflect ongoing strategic initiatives by Intuit to enhance its product offerings and operational efficiency.
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