Analyst Daniel Jester from BMO Capital maintained a Buy rating on Intuit and keeping the price target at $870.00.
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Daniel Jester has given his Buy rating due to a combination of factors that highlight Intuit’s strong performance and growth potential. Despite some challenges in the Global Business Solutions Group, particularly with Mailchimp, Intuit’s QuickBooks Online ecosystem showed robust growth, exceeding expectations. The company’s Credit Karma segment also demonstrated impressive performance, significantly surpassing consensus growth estimates, driven by gains in personal loans and credit cards.
Furthermore, while the EBIT margin was slightly below consensus, the overall annual trends remain positive, with expectations for faster free cash flow margin expansion in the coming fiscal year. Intuit’s guidance for FY2026, although slightly below consensus due to Mailchimp’s weakness, still reflects solid growth prospects. The combination of Intuit’s market-leading platforms and the current market conditions presents an attractive opportunity for long-term investors, supporting the Buy rating.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a $850.00 price target.
Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INTU in relation to earlier this year.