These Analysts Enhance Their Forecasts On Intuit Following Higher-Than-Anticipated Outcomes – Intuit (NASDAQ:INTU)

INTIT INC INTU reported stronger-than-expected third-quarter monetary outcomes and raised its full-year steerage on Thursday.

Intuit reported third-quarter income of $7.75 billion, beating analyst estimates of $7.56 billion, based on Benzinga Professional. The QuickBooks and TurboTax dad or mum firm reported third-quarter adjusted earnings of $11.65 per share, beating analyst estimates of $10.91 per share.

“We have now distinctive momentum with excellent efficiency throughout our platform. We’re redefining what’s potential with AI by turning into a one-stop store of AI-agents and AI-enabled human specialists to gas the success of shoppers and small and mid-market companies,” stated Sasan Goodarzi, CEO of Intuit.

Intuit stated it expects fourth-quarter income of $3.72 billion to $3.76 billion versus estimates of $3.76 billion. The corporate sees third-quarter adjusted earnings within the vary of $2.63 to $2.68 per share versus estimates of $2.59 per share.

Intuit additionally raised its full-year steerage. The corporate expects full-year 2025 income of $18.72 billion to $18.76 billion, up from prior steerage of $18.16 billion and $18.35 billion. The corporate anticipates full-year earnings of $20.07 to $20.12 per share, up from prior steerage of $19.16 to $19.36, Analysts are presently in search of full-year income of $18.35 billion and full-year adjusted earnings of $19.34 per share, per Benzinga Professional.

Intuit shares gained 8.8% to commerce at $721.19 on Friday.

These analysts made modifications to their value targets on Intuit following earnings announcement.

• Piper Sandler analyst Arvind Ramnani reiterated Intuit with an Obese ranking and raised the value goal from $785 to $825.
• Jefferies analyst Brent Thill maintained the inventory with a Purchase and raised the value goal from $735 to $850.
• Evercore ISI Group analyst Kirk Materne maintained Intuit with an Outperform ranking and raised the value goal from $685 to $785.
• JP Morgan analyst Mark Murphy maintained the inventory with an Obese ranking and raised the value goal from $660 to $770.
• Keybanc analyst Alex Markgraff maintained Intuit with an Obese ranking and raised the value goal from $770 to $850.
• Morgan Stanley analyst Keith Weiss maintained the inventory with an Obese ranking and raised the value goal from $720 to $785.
• Barclays analyst Raimo Lenschow maintained Intuit with an Obese ranking and raised the value goal from $775 to $815.
• Stifel analyst Brad Reback maintained the inventory with a Purchase and raised the value goal from $725 to $850.
• BMO Capital analyst Daniel Jester maintained Intuit with an Outperform ranking and raised the value goal from $714 to $820.
• RBC Capital analyst Rishi Jaluria maintained the inventory with an Outperform ranking and raised the value goal from $760 to $850.
• Citigroup analyst Steven Enders maintained Intuit with a Purchase and raised the value goal from $726 to $789.
• UBS analyst Taylor McGinnis maintained the inventory with a Impartial and raised the value goal from $720 to $750.

Contemplating shopping for INTU inventory? Right here’s what analysts suppose: