From Nasdaq: 2025-06-02 04:00:00

Intuit Inc. (INTU) stock hit all-time highs post earnings beat and raise quarter on May 22, driven by AI expansion. The tech giant’s breakout from a trading range since 2021 signals potential for further growth. INTU has outperformed Tech sector and software peers with consistent revenue and earnings growth.

Intuit’s software portfolio, beyond TurboTax, includes Credit Karma and QuickBooks, catering to 100 million customers. The company’s AI push aims to bolster its market position and readiness for future challenges. Last summer, Intuit announced job cuts and new hires to focus on AI-driven expansion.

INTU reported blockbuster Q3 results, with revenue up 15% and adjusted earnings up 18%. TurboTax Live, powered by AI, saw revenue surge 47%. The growth reflects consumer demand for hybrid tax solutions combining AI automation and human expertise. INTU projects revenue growth of 15% in FY25 and 12% in FY26.

INTU’s strong earnings outlook and AI initiatives make it a top tech stock, trading at a discount with a PEG ratio of 3.3. While a pullback may offer a better entry point, the stock’s breakout momentum could drive further gains. Intuit’s long-term growth potential remains attractive amidst industry disruptions and market volatility.



Read more at Nasdaq: Bull of the Day: Intuit Inc. (INTU)