Intuit Analysts Boost Their Forecasts After Upbeat Results
Portfolio Pulse from Avi Kapoor
Intuit reported strong Q4 results, beating revenue and EPS estimates, and issued FY25 guidance above expectations. The company announced a $3 billion share repurchase program. Analysts raised their price targets for Intuit, reflecting optimism about its future growth.
August 23, 2024 | 1:03 pm
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Intuit's Q4 results exceeded expectations, with revenue at $3.18 billion and EPS at $1.99. The company announced a $3 billion share buyback and provided strong FY25 guidance. Analysts raised price targets, indicating positive sentiment.
Intuit's better-than-expected Q4 results and strong FY25 guidance, along with a significant share repurchase program, are positive indicators for the stock. Analysts' increased price targets further suggest a bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100