Intuit Stock Falls After ‘Solid’ Earnings, Analysts Say AI Investments Will ‘Yield Dividends’
Shares of Intuit Inc (NASDAQ:INTU) were dipping on Friday, even after the company reported upbeat quarterly results.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
BofA Securities On Intuit
Analyst Brad Sills reiterated a Buy rating, while raising the price target from $730 to $780.
Intuit delivered “solid” quarterly results, “with $100 million upside to total revenue led by better small business growth (20% versus our 17%) and Credit karma growth (14% versus our 3%),” Sills said in a note. The fiscal 2025 guidance was broadly in-line with expectations, he added.
Management lowered the long-term growth outlook from 8%-12% to 6%-10%, providing “a more reasonable expectation and one that could be exceeding with better traction in the new full-service segment,” the analyst stated. “The AI enabled Intuit Assist offering has potential to accelerate this effort, …
Full story available on Benzinga.com