William Blair analyst Arjun Bhatia has reiterated their bullish stance on INTU stock, giving a Buy rating today.
Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Intuit’s strong performance and potential for future growth. The company’s second-quarter results exceeded expectations, with revenue surpassing consensus by 3.4% and non-GAAP EPS outperforming by 28.8%. This growth was largely driven by better-than-expected consumer performance, a rebound in Credit Karma, and robust growth in online global business solutions.
Intuit’s strategic initiatives, particularly in the midmarket with QBO Advanced and Intuit Enterprise Suite, showed impressive growth of 40%, significantly outpacing the broader Global Business Solutions segment. The company’s ability to maintain its fiscal 2025 guidance, alongside positive initial indicators for the tax season, further supports the Buy rating. Additionally, Intuit’s proactive engagement with the new administration helps mitigate investor concerns regarding potential risks from free government tax software. Overall, the positive long-term outlook and potential for upside in estimates, assuming stable macroeconomic conditions and successful execution of growth initiatives, underpin the Buy recommendation.
In another report released today, Piper Sandler also reiterated a Buy rating on the stock with a $785.00 price target.
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INTU in relation to earlier this year.