These Analysts Boost Their Forecasts On Intuit Following Better-Than-Expected Results

Intuit (INTU) reported Q3 revenue of $7.75B and adjusted EPS of $11.65, exceeding analyst estimates of $7.56B and $10.91, respectively, driven by strong performance across its platform. The company raised its full-year 2025 revenue guidance to $18.72B-$18.76B and EPS guidance to $20.07-$20.12, prompting multiple analysts to raise their price targets, and sending shares up 8.8% to $721.19.

Analysis

Intuit Inc. reported robust fiscal third-quarter results, with revenue of $7.75 billion and adjusted earnings per share (EPS) of $11.65, exceeding analyst estimates of $7.56 billion and $10.91, respectively. CEO Sasan Goodarzi attributed this to "exceptional momentum" and a focus on AI. For Q4, Intuit guided revenue to $3.72-$3.76 billion (versus the $3.76 billion estimate) and adjusted EPS to $2.63-$2.68 (versus the $2.59 estimate). Critically, the company raised its full-year 2025 revenue guidance to $18.72-$18.76 billion, up from prior guidance of $18.16-$18.35 billion, and its full-year 2025 adjusted EPS guidance to $20.07-$20.12, up from $19.16-$19.36. This new FY25 guidance notably surpasses the $18.35 billion revenue and $19.34 EPS analysts were anticipating for the (presumably current) full year, according to Benzinga Pro. The positive financial disclosures and outlook propelled Intuit's shares 8.8% higher to $721.19. This enthusiasm was mirrored by analysts, with at least eleven firms, including Piper Sandler, Jefferies, and Morgan Stanley, raising price targets—some as high as $850—and largely maintaining Overweight or Buy ratings; UBS was an outlier with a Neutral rating, though it also increased its price target to $750.

Key Decisions for Investors

• Investors should assess the implications of Intuit's significant Q3 earnings beat and its substantially upgraded full-year 2025 guidance, which indicates strong forward momentum and surpasses current analyst expectations for the nearer term.
• The broad-based increase in analyst price targets, with many significantly above the current trading price, reflects heightened confidence in Intuit's growth trajectory, underpinned by its AI initiatives and sustained platform performance.
• Consider evaluating Intuit's enhanced earnings profile and strategic positioning in AI as potential catalysts for further stock appreciation, while noting the Q4 revenue guidance is largely in line with estimates at its upper bound.