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Intuit Inc. (NASDAQ:INTU), a leading provider of financial management solutions with a market capitalization of $211 billion, has reached an all-time high, with its stock price soaring to $758.64. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with technical indicators suggesting overbought conditions. This milestone underscores the company’s robust performance and investor confidence in its growth trajectory. Over the past year, Intuit has witnessed a remarkable 35.4% increase in its stock value, supported by impressive gross profit margins of 80.3% and strong revenue growth of 15%. The company’s products and services, including the popular TurboTax and QuickBooks, continue to drive substantial cash flows, with 20 analysts recently revising their earnings expectations upward. The company’s ability to innovate and adapt to the evolving financial landscape has been a key driver of its success, propelling the stock to unprecedented levels and rewarding its shareholders with significant gains. For deeper insights into Intuit’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which offers expert analysis of 18 additional ProTips and extensive financial metrics.
In other recent news, Intuit has reported strong financial results for its third fiscal quarter, surpassing expectations with total revenue growth of $7.8 billion, a 15% increase year-over-year. The company’s earnings per share also exceeded forecasts, coming in at $11.65 compared to the anticipated $10.93. Following these results, Evercore ISI raised Intuit’s stock price target to $785, while Stifel increased its target to $850, both maintaining positive ratings. Intuit’s Consumer Tax segment and TurboTax Live were significant contributors, with TurboTax Live experiencing a 47% year-over-year growth.
Additionally, Intuit announced price hikes for its QuickBooks products, set to take effect in fiscal year 2026, which are expected to enhance revenue growth. Mizuho (NYSE:MFG) Securities maintained its Outperform rating with an $825 price target, highlighting the potential for Intuit to leverage new artificial intelligence offerings for additional revenue streams. The company’s Global Business Services division reported a 19% growth, with QuickBooks Online Accountant products leading with a 40% increase. Despite challenges with the Mailchimp acquisition, Intuit’s online-services division continues to perform well, driven by platforms like Money and Payroll services.
Stifel analysts project that Intuit’s strategic pricing and product developments will contribute positively to its financial performance in the upcoming fiscal year. The firm’s confidence in Intuit’s growth strategy is reflected in their maintained Buy rating and increased price target.
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