Piper Sandler analyst Arvind Ramnani reiterated Intuit Inc INTU with an Overweight and raised the price target from $765 to $785.
INTU's fiscal second-quarter results surpass expectations, reflecting strength in the Global Business Solutions segment.
Intuit's strong Q2 earnings, driven by AI automation and mid-market expansion, surpassed expectations with a 17.04% revenue increase and 26% non-GAAP EPS growth. AI-driven innovations like QuickBooks Live and TurboTax integration with Credit Karma are enhancing efficiency, customer retention, and revenue, justifying Intuit's premium valuation. Despite regulatory scrutiny and slowing growth in Consumer Tax and Mailchimp, Intuit's consistent double-digit revenue and EPS growth make it a compelling long-term investment.
Jim Cramer breaks down why he's keeping an eye on shares of Intuit.
Intuit Inc. (NASDAQ:INTU ) Q2 2025 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Kim Watkins - Vice President, Investor Relations Sasan Goodarzi - Chief Executive Officer Sandeep Aujla - Chief Financial Officer Conference Call Participants Siti Panigrahi - Mizuho Kirk Materne - Evercore ISI Keith Weiss - Morgan Stanley Brent Thill - Jefferies Steve Enders - Citi Kash Rangan - Goldman Sachs Brad Sills - Bank of America Alex Markgraff - KeyBanc Capital Markets Taylor McGinnis - UBS Rishi Jaluria - RBC Capital Markets Scott Schneeberger - Oppenheimer Operator Good afternoon. My name is Angela, and I will be your conference operator.
Intuit reported stronger-than-expected fiscal 2025 second-quarter results, fueled by robust segment growth and an AI-focused strategy.
Intuit (INTU) came out with quarterly earnings of $3.32 per share, beating the Zacks Consensus Estimate of $2.58 per share. This compares to earnings of $2.63 per share a year ago.
Tax-preparation software provider Intuit on Tuesday reported quarterly results that topped Wall Street's estimates, while forecasting third-quarter sales that were also above expectations.
TurboTax maker Intuit forecast third-quarter revenue above Wall Street estimates on Tuesday, betting on growing demand for its AI-driven financial services software.
Intuit Inc. INTU will release its second-quarter financial results after the closing bell on Tuesday, Feb. 25.
Wall Street analysts rerated Intuit Inc INTU ahead of its quarterly earnings report amid an exciting earnings season. JP Morgan analyst Mark R Murphy remained Neutral rated on Intuit.
Intuit's second-quarter fiscal 2025 results might benefit from strength in Online Ecosystem business. Desktop changes and Mailchimp headwinds may put pressure on results.