Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Intuit Inc (NASDAQ:INTU). shares have reached an unprecedented peak, setting an all-time high of $719.67. With a substantial market capitalization of $186 billion and an impressive gross profit margin of 80%, the financial software giant maintains a "GREAT" financial health score according to InvestingPro’s comprehensive analysis. This milestone underscores the robust performance of the financial software giant over the past year. The company has demonstrated strong fundamentals with revenue growth of 15% and has maintained dividend payments for 15 consecutive years. Investors have shown increasing confidence in Intuit’s growth trajectory, propelled by the company’s strong earnings reports and strategic acquisitions that have expanded its product offerings. For deeper insights into Intuit’s valuation and growth prospects, InvestingPro offers 13 additional exclusive tips and a comprehensive research report. The record price level reflects the market’s optimistic outlook on Intuit’s ability to continue driving innovation in financial management solutions for consumers and businesses alike, though current valuations suggest the stock may be trading above its Fair Value.
In other recent news, Intuit Inc. has reported strong financial results for the third quarter of fiscal 2025, surpassing both earnings and revenue expectations. The company posted a non-GAAP earnings per share of $11.65, exceeding the forecast of $10.9, while revenue reached $7.8 billion, above the expected $7.56 billion. Intuit’s revenue for Q3 2025 increased by 15% year-over-year, driven by AI innovations and product expansions. The Consumer Group and Global Business Solutions Group contributed significantly, with revenues increasing by 11% and 19%, respectively. Additionally, Credit Karma, part of Intuit’s portfolio, showed a 31% revenue increase. Intuit has raised its fiscal 2025 guidance, projecting total revenue growth of 15%, up from the prior estimate of 12-13%. In related developments, Jefferies analyst Brent Thill raised the price target for Intuit stock to $850, maintaining a Buy rating, citing the company’s strong performance and promising outlook. The company’s focus on AI-driven innovations and expanding its customer base continues to drive its robust financial outcomes.
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