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Shares Intuition Friday jumped about 9%, a day after the company reported quarterly results This won the assessment of analysts and issued pink recommendations for the whole year.
Intuit, which is most famous for its Turbotax and QuickBooks software, said the financial third quarter profit increased by 15% to $ 7.8 billion. Net income increased by 18% to $ 2.82 billion, or $ 10.02 per share, with $ 2.39 billion, or $ 8.42 per share, a year earlier.
“This is the fastest organic growth we had in ten years,” said Intuit CEO Sasson Guardzi on Thursday. “This is really incredible growth on the platform.”
For his full financial year intuit stated that he expects to report a profit of $ 18.72 billion to $ 18.76 billion, which compared to $ 18.16 billion to $ 18.35 billion, which he shared In the past quarter. According to LSEG, analysts expected $ 18.35 billion.
“We review what is possible with (artificial intelligence), becoming the only AI-AGENTS stop and AI-under the support of human experts to nourish the success of consumers and small and medium-sized enterprises,” Guardzi said in the issue on Thursday.
Goldman Sachs Analysts have once again confirmed the purchase rating and raised the target price up to $ 860 from $ 750 on Thursday. Analysts note that the performance of intuitives on the main pillars of growth “enhances confidence” in its growth profile in the long run.
Analysts add an additional company road card, which includes the introduction of AI agents, will add additional inverted.
“In our view, Intuit stands out for both a rare asset that overcomes both consumer and business ecosystems, and all supplemented with AI-Prioritization,” Goldman Sachs analysts wrote in the note.
Deutsche Bank analysts have also reaffirmed the purchase rating and raised the target price to $ 815 from $ 750.
They said the results of the company “assured” after the rocking two years and that they feel more confident in their ability to develop consumer business.
“We still believe that Intuit is a unique investment opportunity, and we see that the approach to the platform that nourishes accelerated innovation with lever, which allows for a stable mid-adolescents and the best EPS growth,” analysts write on Friday.
