On Friday, May 23, Jefferies analyst Brent Thill increased the price target for Intuit Inc. (NASDAQ:INTU) from $735 to $850 and maintained a “Buy” rating. This adjustment comes after the company’s strong and consistent performance, as it surpassed revenue expectations across all segments for three quarters in a row.
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Intuit Inc. also raised its fiscal year 2025 guidance to a year-over-year growth of 15%, up from the previous forecast of 12-13%. This improvement is mainly attributed to the growth of TurboTax Live, which has increased its market share significantly in the assisted tax category. Credit Karma, part of the company’s portfolio, also showed strong growth between 29% and 36% year-over-year in the first three quarters of fiscal 2025.
For fiscal year 2026, Intuit Inc. has indicated that it has plans to launch new products featuring advanced agentic AI, which are expected to be priced higher. Thrill highlighted the company’s strong results for its third quarter of fiscal 2025 and a promising outlook, supported by innovative new products on the way. The analyst believes that these factors justify the increased price target.
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