Intuit Inc. (INTU) has delivered positive results exceeding Wall Street estimates and providing optimistic future guidance. The rise in the company's stocks is attributed to a significant increase in tax demands and groundbreaking AI developments. Q3 earnings, which surpassed predictions, led to a surge in INTU's stock. The third quarter of 2025 was labeled as a 'breakthrough adoption year' by the CEO as TurboTax Live revenue jumped, leading to an 8% increase in stock after hours. A growth in earnings was seen in the tax season as Intuit posted strong results after the launch of more Tax Services. Strong Q3 performance prompted various financial institutions like BMO Capital, Jefferies, and more to maintain their outperform rating and buy rating and raised target prices. Intuit also announced plans to acquire HR Platform GoCo to diversify its offerings and going ahead with strong fourth-quarter projections. Various other financial institutions like Citi, Susquehanna, and more raised price targets considering Intuit's high-performance score and AI advancements.
Intuit INTU News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Sat, 24 May 2025 21:08:54 GMT -
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