Intuit, the company behind TurboTax had an eventful quarter, with stock movements resulting from its Q3 earnings report. Despite beating Q3 earnings and revenue estimates and surprising the market positively, the company faced a slump in its stock price. Factors influencing the slump include concerns over
Intuit's warning of potential loss of up to 1 million free TurboTax users and downgrading of Q4 guidance. However, several analysts have raised price targets for
Intuit based on the
strong Q3 results and consistent performance. The company is making strides in innovative technology, launching a new generative AI-powered assistant and introducing an AI operating system.
Intuit intends to end FY24 on a high note, maintaining focus on AI and assisted segments. The company has adjusted its full-year guidance upwards in response to demand for its AI-powered financial products.
Intuit is also working on a new program to help 50 million students, reflecting a positive social vision.
Intuit INTU News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sun, 26 May 2024 08:36:24 GMT -
Rating 3
- Innovation 9
- Information 6
- Rumor -5
