Key Takeaways:
- Intuit's third-quarter earnings and revenue surpassed analyst expectations, boosting investor confidence.
- Wall Street analysts forecast a moderate upside for Intuit with an average price target of $703.34.
- GuruFocus estimates a potential 10.9% upside in Intuit's stock value over the next year.
Intuit Inc. (INTU, Financial) shares experienced a noteworthy rise following its third-quarter earnings report. The company reported non-GAAP earnings per share of $11.65, surpassing analyst expectations by $0.74. Additionally, Intuit's revenue achieved $7.75 billion, outperforming projections by $190 million. Investors are further encouraged by the company's optimistic guidance for the upcoming fourth quarter.
Wall Street Analysts Forecast
According to the projections from 27 analysts, the average one-year price target for Intuit Inc. (INTU, Financial) is set at $703.34, with a high estimate reaching $785.00 and a low estimate at $530.00. This average target suggests a potential upside of 5.60% from Intuit's current trading price of $666.07. More in-depth estimate data is available on the Intuit Inc. (INTU) Forecast page.
The consensus recommendation from 32 brokerage firms rates Intuit Inc. (INTU, Financial) at an average of 2.0, positioning it within the "Outperform" category. This rating scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
GuruFocus Valuation Insights
Based on estimates from GuruFocus, the predicted GF Value for Intuit Inc. (INTU, Financial) in the coming year is $738.66, which implies a substantial upside of 10.9% from the current price point of $666.07. The GF Value is GuruFocus' calculation of the fair value at which the stock should trade. It is derived from historical trading multiples, previous business growth, and future performance forecasts. Additional details are accessible on the Intuit Inc. (INTU) Summary page.
