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May 23 - Intuit (NASDAQ:INTU) shares climbed about 8% in early Friday trading. The financial software provider topped consensus with Q3 revenue of $7.75 billion versus $7.57 billion expected, and non-GAAP EPS of $11.65 versus $10.93.
Management lifted full-year fiscal 2025 revenue growth guidance to 15%, up from 1213%. CEO Sasan Goodarzi credited the AI-driven expert platform for outstanding results across total company metrics.
Goodarzi highlighted TurboTax Live's momentum, projecting a 24% rise in users and 47% revenue growth. He noted more than half of TurboTax customers now finish returns in under an hour thanks to AI automation and predictive insights.
The CEO also previewed a refreshed end-to-end platform where AI agents will work alongside customers, with new product tiers and pricing due soon. He pointed to a recent mid-market win with an 18-entity title company that returned to Intuit after a competitor switch.
CFO Sandeep Aujla reported Q3 GAAP operating income of $3.7 billion, up 20%, and non-GAAP operating income of $4.3 billion, up 17%. For Q4, Intuit sees revenue growth of 1718%, GAAP EPS of $0.840.89 and non-GAAP EPS of $2.632.68.
Aujla said Intuit will continue leveraging AI to drive efficiency and long-term growth.
Is Intuit Stock a Buy Now?
Based on the one year price targets offered by 27 analysts, the average target price for Intuit Inc is $731.60 with a high estimate of $875.00 and a low estimate of $530.00. The average target implies a upside of +9.84% from the current price of $666.07.
Based on GuruFocus estimates, the estimated GF Value for Intuit Inc in one year is $738.66, suggesting a upside of +10.90% from the current price of $666.07.
This article first appeared on GuruFocus.