Evercore ISI raises Intuit's price target to $785 on strong Q3 growth & AI potential

From Yahoo Finance: 2025-05-25 04:35:00

Evercore ISI analyst Kirk Materne raised Intuit Inc.’s price target from $685 to $785 with an Outperform rating, citing strong fiscal Q3 results. Intuit exceeded forecasts with $7.8 billion in revenue, a 15% YoY increase, and EPS of $11.65. Online Services in GBS grew by 20% YoY. Materne sees AI and agentic offerings as growth opportunities.

Intuit’s successful tax season and potential in GBS division were highlighted by Materne. The company’s AI and agentic offerings have untapped potential, especially for mid-market clients. While INTU shows growth potential, some AI stocks may offer higher returns. For those seeking promising AI stocks, check out the cheapest AI stock with 100x upside potential.

Disclosure: None.



Read more at Yahoo Finance: Evercore ISI Boosts Intuit (INTU) Price Target on AI Potential and Strong Q3 Growth