Intuit (INTU) delivered a strong performance in its fourth quarter, surpassing analysts’ expectations on both revenue and earnings. The company reported revenue of $3.18 billion, exceeding the consensus estimate of $3.08 billion. Adjusted earnings per share reached $1.99, beating analysts’ predictions of $1.84. These positive results are a testament to Intuit’s strategic focus on its AI-driven expert platform, which the company believes will drive sustained growth in the future.
Intuit’s CEO, Sasan Goodarzi, highlighted the company’s progress in the fourth quarter and full year, emphasizing the importance of their AI-driven expert platform strategy for future growth. The company is optimistic about the coming year, forecasting revenue growth of 5% to 6% in the first quarter. For the full fiscal year 2025, Intuit projects revenue in the range of $18.16 billion to $18.347 billion, surpassing analyst estimates of $18.18 billion. The company also anticipates full-year adjusted earnings between $19.16 and $19.36 per share, exceeding the consensus estimate of $19.15.
Intuit’s positive outlook was further reflected in its decision to authorize a new $3 billion share repurchase program. This move signifies the company’s confidence in its future performance and commitment to returning value to shareholders.
Following the earnings announcement, several analysts adjusted their price targets on Intuit stock. Piper Sandler analyst Arvind Ramnani reiterated his Overweight rating and raised the price target from $760 to $768. B of A Securities analyst Brad Sills maintained his Buy rating and increased the price target from $730 to $780. BMO Capital analyst Daniel Jester kept his Outperform rating and raised the price target from $700 to $760. Stifel analyst Brad Reback maintained his Buy rating and increased the price target from $690 to $795. Jefferies analyst Brent Thill maintained his Buy rating and increased the price target from $770 to $790. Finally, JP Morgan analyst Sterling Auty maintained his Neutral rating and raised the price target from $585 to $600.
Overall, Intuit’s strong fourth-quarter results and optimistic outlook have generated positive sentiment among analysts, who have largely increased their price targets on the stock. The company’s commitment to AI-driven technology, coupled with its share repurchase program, suggests a promising future for Intuit and its investors.
