Intuit is Overweight with a $560 price target, offering a compelling entry after a misinterpreted 17% workforce reduction and post-earnings selloff. INTU trades at 11x FY27E EPS, a deep discount to its historical average and peers, despite superior revenue growth and free cash flow margins. The elimination of IRS Direct File removes a major secular risk, while mid-market expansion and AI-driven margin gains underpin sustainable double-digit growth.
Intuit Inc. is rated Buy, driven by Dividend Yield Theory signaling deep undervaluation and strong long-term prospects despite recent volatility. INTU's current yield is 1.4%, double its 10-year mean, implying a potential price recovery to $700/share and 26% annualized total returns over four years. Q3 2026 results showed robust growth: raised guidance across all segments, a 17% workforce reduction to sharpen AI focus, and expanded share repurchase authorization.
Software stocks have been crushed this year, but has it gone too far? Salesforce, ServiceNow, Adobe and Inuit shares all trade at compelling valuations with still strong growth forecasts.
CNBC's Seema Mody reports on the health of the software trade from Workday to Intuit.
INTU raises its FY2026 outlook after a strong Q3, with double-digit revenue and EPS growth fueled by momentum in tax, money and mid-market solutions.
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This article was written and reviewed by Doug Nathman and his team at Trefis. For questions, email [email protected]
A peculiar thing happened after financial software giant Intuit Inc. NASDAQ: INTU reported its third-quarter earnings. Intuit beat analyst expectations, delivering a 10% year-over-year revenue increase to $8.6 billion.
INTU tops Q3 estimates as TurboTax, Credit Karma and QuickBooks Online fuel growth, prompting higher fiscal 2026 guidance.
Intuit Inc (NASDAQ:INTU, XETRA:ITU) shares opened about 19% lower on Thursday despite the company posting fiscal third quarter results that topped Wall Street expectations, as investors focused on a weaker long-term outlook for TurboTax and plans to cut roughly 17% of its workforce. The financial software company reported fiscal third-quarter revenue of $8.56 billion, up 10.4% from a year earlier and slightly ahead of analysts' estimates of $8.52 billion.
Intuit Inc. (INTU) Q3 2026 Earnings Call Transcript
The headline numbers for Intuit (INTU) give insight into how the company performed in the quarter ended April 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.