BMO Capital analyst Daniel Jester has maintained their bullish stance on INTU stock, giving a Buy rating today.
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Daniel Jester has given his Buy rating due to a combination of factors tied to Intuit’s long‑term positioning and earnings power. Despite a softer fiscal 3Q and underperformance in TurboTax’s price‑sensitive DIY segment, he views the company’s leading platforms—TurboTax, QuickBooks, and Credit Karma—as well placed to deliver sustained low‑ to mid‑teens growth over several years. Shares have also trailed peers recently, which he sees as creating a more compelling entry point for long‑term investors at the revised $412 target.
Jester also highlights Intuit’s significant restructuring, including a roughly 17% headcount reduction, as a key driver for future margin expansion and at least mid‑teens EPS growth beyond FY27. He believes strength in higher‑end TurboTax Live, combined with organizational simplification and cost efficiencies, supports a favorable risk‑reward profile even as the tax business faces a “show‑me” period and the near‑term catalyst path has lengthened.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $550.00 price target.