
Intuit (INTU) Stock Forecast & Price Target
Intuit (INTU) Analyst Ratings
Bulls say
Intuit demonstrated robust growth in several key areas, with Online Payment Volume increasing by 18% year-over-year, indicating strong consumer engagement despite external challenges. The company reaffirmed its FY25 revenue targets across various segments, projecting growth rates of 16%-17% for Global Business Solutions, 7%-8% for Consumer, and 5%-8% for Credit Karma, showcasing its diversified revenue streams. Additionally, QBO Accounting revenue surged by 22% year-over-year, contributing to an overall acceleration in Online Ecosystem revenue growth to 21%, reflecting the company's resilience and market-leading position in the small business accounting software space.
Bears say
Intuit's current financial outlook is hindered by the potential for a 5% underperformance in top-line growth for the upcoming year, which could result in significant valuation multiple compression. Despite a recent 6% increase in stock price and a notable reduction in contact support for TurboTax due to IntuitAssist, the company's guidance for FY25 remains unchanged, indicating a lack of upward momentum. The reliance on promotions for TurboTax Desktop may also signal vulnerabilities in sustaining revenue growth moving forward.
This aggregate rating is based on analysts' research of Intuit and is not a guaranteed prediction by Public.com or investment advice.
Intuit (INTU) Analyst Forecast & Price Prediction
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