Intuit Positioned for Future Growth with Strong Market Initiatives and Margin Expansion Potential

Analyst Keith Weiss from Morgan Stanley maintained a Buy rating on Intuit and keeping the price target at $880.00.

Keith Weiss has given his Buy rating due to a combination of factors that suggest Intuit is well-positioned for future growth. Despite the company’s conservative revenue guidance for FY26, which indicates a slight deceleration, Weiss is optimistic about Intuit’s ability to exceed these expectations, potentially achieving a 15-16% year-over-year growth. This optimism is based on Intuit’s strong positioning in the market, with initiatives in the Global Business Solutions Group, TurboTax, and Credit Karma expected to drive growth and enhance the quality of its customer base.
Furthermore, Weiss highlights Intuit’s potential for margin expansion, as the company is poised to increase its operating margin for the third consecutive year. This is attributed to the benefits of operating leverage and sustained investments in key areas as Intuit moves upmarket. While some short-term challenges exist, such as mixed data from the SMB sector, the momentum in Intuit’s online ecosystem and Mailchimp’s upmarket growth provide additional reasons for a positive outlook. Investors may need to be patient, but the anticipated positive estimate revisions in the second half of FY26 reinforce the Buy rating.