Intuit Inc. (NASDAQ:INTU) reached a historic milestone this week as its shares soared to an all-time high of $758.64. With a market capitalization now standing at $211 billion, the financial software powerhouse continues to garner investor confidence thanks to consistent revenue growth and high-margin operations. While technical signals suggest the stock is currently overbought and may be trading above intrinsic value, analysts remain largely bullish on the company’s long-term trajectory.
The stock has surged by 35.4% over the past year, driven by solid financials and rising demand for its flagship products, including TurboTax and QuickBooks. Intuit’s gross profit margin of 80.3% and annual revenue growth of 15% highlight the company’s operational strength. Additionally, upward revisions from 20 analysts on earnings estimates reflect optimism around its expanding role in financial management and business automation solutions.
Intuit recently reported standout results for its fiscal third quarter, with revenue climbing to $7.8 billion—a 15% increase year-over-year—and earnings per share hitting $11.65, easily surpassing Wall Street’s forecast of $10.93. These robust figures have prompted several analysts to adjust their price targets:
- Evercore ISI raised its target to $785, maintaining a positive outlook.
- Stifel lifted its price target to $850 and reiterated its Buy rating, citing strong quarterly execution and pricing power.
- Mizuho Securities maintained an Outperform rating with a target of $825, emphasizing potential gains from Intuit’s AI-driven products.
TurboTax Live played a major role in the quarter’s performance, achieving 47% year-over-year growth. Meanwhile, the Global Business Services division posted a 19% rise in revenue, led by a 40% surge in QuickBooks Online Accountant sales. Looking ahead, the company has announced upcoming price increases for its QuickBooks offerings set for fiscal year 2026, which are expected to further boost revenue.
Despite lingering integration challenges with the Mailchimp acquisition, Intuit’s digital ecosystem continues to thrive, with platforms like Money and Payroll contributing to sustained growth. Analysts are particularly encouraged by Intuit’s ongoing innovation in artificial intelligence, which could open new revenue channels.
Overall, Intuit’s record-high stock price reflects investor enthusiasm for its strategic execution and product strength. While some caution remains over its valuation, analysts largely agree that the company is well-positioned to continue delivering shareholder value in the years ahead.