On Might 24, Evercore ISI analyst Kirk Materne raised his worth goal for Intuit Inc. (NASDAQ:INTU) from $685 to $785 and saved an Outperform ranking. The revision was prompted by Intuit’s robust fiscal third-quarter outcomes, which exceeded forecasts.
Intuit Inc. (NASDAQ:INTU) exceeded the $7.56 billion forecasted for the quarter with whole income progress of $7.8 billion, a 15% year-over-year enhance. Moreover, earnings per share got here in larger than anticipated, at $11.65 versus the projected $10.93. Notably, regardless of Mailchimp’s steady difficulties, On-line Providers within the International Enterprise Providers (GBS) division grew by about 20% year-over-year, in keeping with projections.
Based on Materne, Intuit Inc. (NASDAQ:INTU) had a profitable tax season, and the corporate’s GBS division was anticipated to do effectively, notably if the Mailchimp enterprise could possibly be improved. The analyst additionally highlighted the potential of Intuit’s new agentic choices and synthetic intelligence monetization as untapped alternatives, particularly for mid-market shoppers.
Whereas we acknowledge the potential of INTU to develop, our conviction lies within the perception that some AI shares maintain higher promise for delivering larger returns and have restricted draw back danger. If you’re searching for an AI inventory that’s extra promising than INTU and that has 100x upside potential, try our report concerning the least expensive AI inventory.
Learn Subsequent: 11 Greatest Performing Cybersecurity Shares So Far in 2025 and 11 Greatest Predictive Analytics Shares to Purchase Based on Analysts.
Disclosure: None.