From Yahoo Finance: 2025-05-25 07:17:00

Barclays raised its price target for Intuit Inc. (INTU) from $775 to $815, citing strong fiscal Q3 results. Revenue grew by 15% year-over-year to $7.8 billion, with the Consumer Group revenue increasing by 11% to $4 billion. TurboTax Live revenue is expected to grow by 47%, while Credit Karma saw a 31% revenue increase.

Intuit (INTU) has raised its fiscal 2025 guidance, increasing revenue growth guidance to 15%. Barclays notes confidence in Intuit’s business strength, especially in the stability of the tax division. However, there is an anticipated 1% decline in online TurboTax units this fiscal year, with a slight decrease in market share.

Barclays believes in the potential growth of INTU but suggests that other AI stocks may offer higher returns with limited downside risk. They highlight a report on a “cheapest AI stock” with 100x upside potential. For more insights, check out the articles on “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.”



Read more at Yahoo Finance: Barclays Raises Intuit (INTU) PT to $815, Cites Stability in Tax Division