Intuit, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Steve Enders from Citi maintained a Buy rating on the stock and has a $815.00 price target.
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Steve Enders has given his Buy rating due to a combination of factors including Intuit’s strong financial performance in the fourth quarter of fiscal year 2025. The company reported revenue that exceeded expectations by $87 million, which represents a 2.3% increase over the anticipated figures. This revenue beat was largely driven by the Consumer Group segment, which surpassed expectations by $71 million, and a smaller but notable contribution from the Small Business and Self-Employed Group.
Despite some concerns regarding the lower outlook for the Global Business Services segment, Intuit’s guidance for fiscal year 2026 remains positive, with revenue projections slightly above consensus estimates. Additionally, while the first quarter guidance for fiscal year 2026 shows a revenue shortfall, the earnings per share forecast is slightly ahead of expectations. These elements, combined with potential growth opportunities in areas such as small business demand and upmarket traction, underpin Enders’s optimistic outlook on Intuit’s stock.
Enders covers the Technology sector, focusing on stocks such as Intuit, Pegasystems, and Vertex. According to TipRanks, Enders has an average return of -1.2% and a 50.81% success rate on recommended stocks.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $825.00 price target.