William Blair analyst Arjun Bhatia has reiterated their bullish stance on INTU stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Arjun Bhatia has given his Buy rating due to a combination of factors including Intuit’s strong revenue growth and promising developments in its business segments. The company’s total revenue increased by 20% this quarter, surpassing the midpoint of guidance, driven by the performance of Global Business Solutions and Credit Karma. Despite some challenges with Mailchimp, which is expected to return to double-digit growth by the end of fiscal 2026, the midmarket initiatives are showing positive progress with significant growth in QBO Advanced and Intuit Enterprise Suite.
Additionally, the early adoption and repeated use of Intuit’s AI agents have exceeded internal expectations, indicating a promising future for their AI-driven offerings. While the initial fiscal 2026 guidance appears conservative, with projected revenue growth slightly below consensus, Bhatia is optimistic about the company’s execution and potential for upside as the year progresses. The upcoming analyst day is anticipated to provide further insights into growth areas like midmarket and AI, reinforcing the Buy rating.
According to TipRanks, Bhatia is a 2-star analyst with an average return of 0.6% and a 43.29% success rate. Bhatia covers the Technology sector, focusing on stocks such as InterDigital, NICE, and Twilio.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $825.00 price target.