Intuit (INTU) Stock Forecast, Price Target & Predictions
INTU Stock Forecast
Intuit stock forecast is as follows: an average price target of $689.00 (represents a 5.14% upside from INTU’s last price of $655.31) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
INTU Price Target
The average price target for Intuit (INTU) is $689.00 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $795.00 to $475.00. This represents a potential 5.14% upside from INTU's last price of $655.31.
INTU Analyst Ratings
According to 23 Wall Street analysts, Intuit's rating consensus is 'Buy'. The analyst rating breakdown for INTU stock is 0 'Strong Buy' (0.00%), 21 'Buy' (91.30%), 2 'Hold' (8.70%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Intuit Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | Mark Murphy | Credit Suisse | $600.00 | $619.85 | -3.20% | -8.44% |
| Aug 23, 2024 | Kash Rangan | Goldman Sachs | $765.00 | $619.85 | 23.42% | 16.74% |
| Aug 23, 2024 | Daniel Jester | BMO Capital | $760.00 | $619.95 | 22.59% | 15.98% |
| Aug 23, 2024 | Arvind Ramnani | Piper Sandler | $768.00 | $619.95 | 23.88% | 17.20% |
| Aug 23, 2024 | Brent Thill | Jefferies | $790.00 | $619.95 | 27.43% | 20.55% |
| Aug 23, 2024 | Brad Reback | Stifel Nicolaus | $795.00 | $665.29 | 19.50% | 21.32% |
| Aug 23, 2024 | Brad Sills | Bank of America Securities | $780.00 | $665.29 | 17.24% | 19.03% |
| Aug 23, 2024 | Raimo Lenschow | Barclays | $740.00 | $665.29 | 11.23% | 12.92% |
| Aug 14, 2024 | Keith Weiss | Morgan Stanley | $685.00 | $645.83 | 6.07% | 4.53% |
| Jun 12, 2024 | Brent Thill | Jefferies | $770.00 | $592.22 | 30.02% | 17.50% |
The latest Intuit stock forecast, released on Aug 23, 2024 by Mark Murphy from Credit Suisse, set a price target of $600.00, which represents a -3.20% decrease from the stock price at the time of the forecast ($619.85), and a -8.44% decrease from INTU last price ($655.31).
Intuit Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 8 | 9 | 25 |
| Avg Price Target | $749.75 | $742.56 | $731.00 |
| Last Closing Price | $655.31 | $655.31 | $655.31 |
| Upside/Downside | 14.41% | 13.31% | 11.55% |
In the current month, the average price target of Intuit stock is $749.75, according to 8 Wall Street analysts offering twelve months forecast. The average price target represents a 14.41% increase as opposed to Intuit's last price of $655.31. This month's average price target is up 0.97% compared to last quarter, and up 2.56% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 23, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 23, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 23, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 23, 2024 | Jefferies | Buy | Buy | Hold |
| Aug 23, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 16, 2024 | Wells Fargo | Buy | Buy | Hold |
| Aug 16, 2024 | UBS | Underperform | Underperform | Hold |
| Aug 14, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 14, 2024 | Telsey Advisory | Outperform | Outperform | Hold |
| Aug 14, 2024 | Evercore ISI | - | Outperform | Upgrade |
Intuit's last stock rating was published by Bank of America Securities on Aug 23, 2024. The company gave INTU a "Buy" rating, the same as its previous rate.
Intuit Financial Forecast
Intuit Revenue Forecast
| Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.98B | $2.71B | - | $3.04B | $2.60B | $2.41B | $5.63B | $2.67B | $2.01B | $2.56B | $4.17B | $1.58B | $1.32B | $1.82B | $3.00B |
| Avg Forecast | $4.74B | $9.00B | $5.04B | $4.11B | $4.23B | $8.28B | $4.42B | $3.59B | $3.72B | $7.51B | $3.89B | $3.14B | $3.08B | $6.65B | $3.39B | $2.88B | $2.64B | $6.09B | $2.91B | $2.50B | $2.34B | $5.51B | $2.73B | $1.81B | $2.31B | $4.37B | $1.68B | $1.21B | $1.56B | $3.01B |
| High Forecast | $4.84B | $9.19B | $5.15B | $4.20B | $4.32B | $8.46B | $4.52B | $3.67B | $3.80B | $7.68B | $3.99B | $3.21B | $3.15B | $6.79B | $3.46B | $2.89B | $2.70B | $6.22B | $2.97B | $2.55B | $2.36B | $5.61B | $2.76B | $1.84B | $2.34B | $4.43B | $1.70B | $1.22B | $1.58B | $3.05B |
| Low Forecast | $4.69B | $8.91B | $4.99B | $4.07B | $4.19B | $8.20B | $4.38B | $3.55B | $3.69B | $7.44B | $3.85B | $3.13B | $3.05B | $6.58B | $3.35B | $2.85B | $2.61B | $6.03B | $2.88B | $2.47B | $2.30B | $5.46B | $2.71B | $1.80B | $2.30B | $4.35B | $1.67B | $1.20B | $1.55B | $2.99B |
| # Analysts | 7 | 12 | 7 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 14 | 7 | 7 | 8 | 14 | 7 | 10 | 7 | 6 | 10 | 6 | 6 | 7 | 8 | 7 | 8 | 8 | 10 | 14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.03% | - | 1.04% | 1.04% | 1.03% | 1.02% | 0.98% | 1.11% | 1.11% | 0.95% | 0.94% | 1.10% | 1.16% | 1.00% |
Intuit's average Quarter revenue forecast for Jan 24 based on 8 analysts is $3.39B, with a low forecast of $3.35B, and a high forecast of $3.46B. INTU's average Quarter revenue forecast represents a 13.72% increase compared to the company's last Quarter revenue of $2.98B (Oct 23).
Intuit EBITDA Forecast
| Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 12 | 7 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 14 | 7 | 7 | 8 | 14 | 7 | 10 | 7 | 6 | 10 | 6 | 6 | 7 | 8 | 7 | 8 | 8 | 10 | 14 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $307.00M | $258.00M | - | $414.00M | $290.00M | $54.00M | $2.60B | $266.00M | $359.00M | $523.00M | $2.04B | $120.00M | $264.00M | $543.00M | $1.46B |
| Avg Forecast | $1.38B | $2.62B | $1.47B | $1.20B | $1.23B | $2.41B | $1.29B | $1.04B | $1.08B | $2.18B | $1.13B | $912.72M | $896.82M | $381.08M | $984.55M | $836.73M | $767.79M | $346.44M | $846.23M | $375.53M | $694.17M | $1.63B | $166.92M | $341.39M | $2.17B | $150.33M | $156.97M | $291.64M | $1.50B | $295.06M |
| High Forecast | $1.41B | $2.67B | $1.50B | $1.22B | $1.26B | $2.46B | $1.31B | $1.07B | $1.11B | $2.23B | $1.16B | $932.46M | $916.21M | $457.30M | $1.01B | $839.64M | $784.39M | $415.73M | $864.52M | $450.63M | $697.76M | $1.66B | $200.30M | $409.66M | $2.60B | $180.40M | $188.37M | $349.97M | $1.80B | $354.07M |
| Low Forecast | $1.36B | $2.59B | $1.45B | $1.18B | $1.22B | $2.38B | $1.27B | $1.03B | $1.07B | $2.16B | $1.12B | $909.82M | $887.86M | $304.87M | $974.71M | $828.36M | $760.12M | $277.15M | $837.77M | $300.42M | $681.28M | $1.62B | $133.53M | $273.11M | $1.73B | $120.26M | $125.58M | $233.31M | $1.20B | $236.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 0.34% | - | 0.49% | 0.77% | 0.08% | 1.59% | 1.59% | 1.05% | 0.24% | 13.58% | 0.76% | 0.91% | 0.36% | 4.96% |
8 analysts predict INTU's average Quarter EBITDA for Jan 24 to be $984.55M, with a high of $1.01B and a low of $974.71M. This is 220.70% upper than Intuit's previous annual EBITDA (Oct 23) of $307.00M.
Intuit Net Income Forecast
| Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 12 | 7 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 14 | 7 | 7 | 8 | 14 | 7 | 10 | 7 | 6 | 10 | 6 | 6 | 7 | 8 | 7 | 8 | 8 | 10 | 14 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $241.00M | $89.00M | - | $168.00M | $40.00M | $-56.00M | $1.79B | $100.00M | $228.00M | $380.00M | $1.46B | $20.00M | $198.00M | $445.00M | $1.08B |
| Avg Forecast | $945.61M | $3.70B | $1.22B | $919.00M | $823.75M | $3.51B | $1.06B | $780.03M | $704.12M | $3.13B | $910.15M | $660.46M | $518.70M | $140.62M | $643.12M | $553.76M | $401.70M | $127.84M | $410.93M | $272.85M | $278.77M | $2.14B | $106.01M | $248.04M | $1.55B | $25.05M | $117.73M | $239.01M | $1.11B | $207.06M |
| High Forecast | $972.19M | $3.81B | $1.26B | $944.84M | $846.91M | $3.60B | $1.09B | $801.96M | $723.91M | $3.22B | $959.27M | $715.96M | $533.29M | $168.75M | $661.20M | $559.36M | $412.99M | $153.41M | $422.48M | $327.42M | $280.64M | $2.19B | $127.21M | $297.65M | $1.87B | $30.07M | $141.28M | $286.81M | $1.33B | $248.47M |
| Low Forecast | $933.32M | $3.65B | $1.21B | $907.07M | $813.05M | $3.46B | $1.04B | $769.90M | $694.97M | $3.09B | $817.69M | $652.13M | $511.96M | $112.50M | $634.76M | $545.37M | $396.48M | $102.27M | $405.59M | $218.28M | $272.03M | $2.11B | $84.81M | $198.44M | $1.24B | $20.04M | $94.18M | $191.21M | $887.94M | $165.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.44% | 0.22% | - | 0.41% | 0.15% | -0.20% | 0.84% | 0.94% | 0.92% | 0.24% | 58.43% | 0.17% | 0.83% | 0.40% | 5.24% |
Intuit's average Quarter net income forecast for Jan 24 is $643.12M, with a range of $634.76M to $661.20M. INTU's average Quarter net income forecast represents a 166.85% increase compared to the company's last Quarter net income of $241.00M (Oct 23).
Intuit SG&A Forecast
| Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 12 | 7 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 14 | 7 | 7 | 8 | 14 | 7 | 10 | 7 | 6 | 10 | 6 | 6 | 7 | 8 | 7 | 8 | 8 | 10 | 14 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.11B | $1.18B | - | $1.25B | $1.10B | $1.14B | $1.69B | $1.34B | $812.00M | $1.12B | $1.15B | $830.00M | $531.00M | $617.00M | $829.00M |
| Avg Forecast | $1.73B | $3.29B | $1.84B | $1.50B | $1.55B | $3.03B | $1.62B | $1.31B | $1.36B | $2.75B | $1.42B | $1.15B | $1.13B | $1.89B | $1.24B | $1.05B | $965.25M | $1.71B | $1.06B | $803.47M | $865.91M | $2.04B | $377.54M | $730.42M | $1.22B | $1.04B | $315.73M | $331.39M | $848.82M | $648.78M |
| High Forecast | $1.77B | $3.36B | $1.88B | $1.54B | $1.58B | $3.09B | $1.65B | $1.34B | $1.39B | $2.81B | $1.46B | $1.17B | $1.15B | $2.26B | $1.26B | $1.06B | $986.12M | $2.06B | $1.09B | $964.16M | $870.39M | $2.07B | $453.05M | $876.51M | $1.46B | $1.25B | $378.88M | $397.67M | $1.02B | $778.54M |
| Low Forecast | $1.71B | $3.26B | $1.82B | $1.49B | $1.53B | $3.00B | $1.60B | $1.30B | $1.35B | $2.72B | $1.41B | $1.14B | $1.12B | $1.51B | $1.23B | $1.04B | $955.61M | $1.37B | $1.05B | $642.77M | $849.82M | $2.02B | $302.03M | $584.34M | $973.48M | $831.82M | $252.58M | $265.11M | $679.06M | $519.03M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.22% | - | 1.17% | 1.37% | 1.32% | 0.83% | 3.55% | 1.11% | 0.92% | 1.10% | 2.63% | 1.60% | 0.73% | 1.28% |
Intuit's average Quarter SG&A projection for Jan 24 is $1.24B, based on 8 Wall Street analysts, with a range of $1.23B to $1.26B. The forecast indicates a 11.41% rise compared to INTU last annual SG&A of $1.11B (Oct 23).
Intuit EPS Forecast
| Jul 27 | May 27 | Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 12 | 7 | 7 | 7 | 8 | 7 | 6 | 9 | 6 | 14 | 14 | 7 | 7 | 8 | 14 | 7 | 10 | 7 | 6 | 10 | 6 | 6 | 7 | 8 | 7 | 8 | 8 | 10 | 14 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.86 | $0.32 | - | $0.60 | $0.14 | $-0.20 | $6.35 | $0.35 | $0.84 | $1.39 | $5.36 | $0.07 | $0.75 | $1.70 | $4.15 |
| Avg Forecast | $3.38 | $13.22 | $4.37 | $3.28 | $2.94 | $12.52 | $3.77 | $2.79 | $2.51 | $11.20 | $3.25 | $2.36 | $1.85 | $9.38 | $2.30 | $1.98 | $1.43 | $8.48 | $1.47 | $1.19 | $0.98 | $7.54 | $1.85 | $0.97 | $1.59 | $6.46 | $0.86 | $0.41 | $1.11 | $4.71 |
| High Forecast | $3.47 | $13.60 | $4.50 | $3.37 | $3.02 | $12.87 | $3.88 | $2.86 | $2.59 | $11.51 | $3.43 | $2.56 | $1.90 | $9.65 | $2.36 | $2.00 | $1.47 | $8.72 | $1.51 | $1.23 | $0.99 | $7.71 | $1.88 | $0.99 | $1.61 | $6.57 | $0.88 | $0.42 | $1.13 | $4.79 |
| Low Forecast | $3.33 | $13.05 | $4.32 | $3.24 | $2.90 | $12.36 | $3.72 | $2.75 | $2.48 | $11.05 | $2.92 | $2.33 | $1.83 | $9.26 | $2.27 | $1.95 | $1.42 | $8.37 | $1.45 | $1.18 | $0.96 | $7.44 | $1.83 | $0.97 | $1.58 | $6.41 | $0.86 | $0.41 | $1.10 | $4.67 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.22% | - | 0.41% | 0.12% | -0.20% | 0.84% | 0.19% | 0.86% | 0.88% | 0.83% | 0.08% | 1.82% | 1.53% | 0.88% |
According to 8 Wall Street analysts, Intuit's projected average Quarter EPS for Jan 24 is $2.30, with a low estimate of $2.27 and a high estimate of $2.36. This represents a 167.08% increase compared to INTU previous annual EPS of $0.86 (Oct 23).
Intuit Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AI | C3.ai | $23.00 | $70.50 | 206.52% | Buy |
| SNOW | Snowflake | $113.67 | $206.83 | 81.96% | Buy |
| ZM | Zoom Video Communications | $67.59 | $111.77 | 65.36% | Hold |
| TEAM | Atlassian | $163.74 | $237.67 | 45.15% | Buy |
| SHOP | Shopify | $72.45 | $86.12 | 18.87% | Buy |
| ADSK | Autodesk | $263.96 | $283.41 | 7.37% | Buy |
| WDAY | Workday | $250.05 | $264.91 | 5.94% | Buy |
| INTU | Intuit | $655.31 | $689.00 | 5.14% | Buy |
| CRM | Salesforce | $254.57 | $257.76 | 1.25% | Buy |
| NOW | ServiceNow | $878.95 | $728.75 | -17.09% | Buy |
INTU Forecast FAQ
Is Intuit a good buy?
Yes, according to 23 Wall Street analysts, Intuit (INTU) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 91.30% of INTU's total ratings.
What is INTU's price target?
Intuit (INTU) average price target is $689 with a range of $475 to $795, implying a 5.14% from its last price of $655.31. The data is based on 23 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Intuit stock go up soon?
According to Wall Street analysts' prediction for INTU stock, the company can go up by 5.14% (from the last price of $655.31 to the average price target of $689), up by 21.32% based on the highest stock price target, and down by -27.52% based on the lowest stock price target.
Can Intuit stock reach $1K?
INTU's average twelve months analyst stock price target of $689 does not support the claim that Intuit can reach $1K in the near future.
What is Intuit's current price target trend?
8 Wall Street analysts forecast a $749.75 price target for Intuit (INTU) this month, up 14.41% from its last price of $655.31. Compared to the last 3 and 12 months, the average price target increased by 13.31% and increased by 11.55%, respectively.
What are Intuit's analysts' financial forecasts?
Intuit's analysts financial forecasts for the fiscal year (Jul 2026) are as follows: average revenue is $20.52B (high $20.97B, low $20.32B), average EBITDA is $5.97B (high $6.1B, low $5.91B), average net income is $6.16B (high $6.34B, low $6.08B), average SG&A $7.5B (high $7.66B, low $7.43B), and average EPS is $22.02 (high $22.64, low $21.73). INTU's analysts financial forecasts for the fiscal year (Jul 2027) are as follows: average revenue is $22.89B (high $23.39B, low $22.66B), average EBITDA is $6.66B (high $6.8B, low $6.59B), average net income is $6.79B (high $6.98B, low $6.7B), average SG&A $8.37B (high $8.55B, low $8.28B), and average EPS is $24.26 (high $24.94, low $23.94).
Did the INTU's actual financial results beat the analysts' financial forecasts?
Based on Intuit's last annual report (Jul 2023), the company's revenue was $14.37B, beating the average analysts forecast of $14.14B by 1.61%. Apple's EBITDA was $4.04B, beating the average prediction of $2.34B by 73.08%. The company's net income was $2.38B, beating the average estimation of $1.21B by 96.49%. Apple's SG&A was $5.06B, beating the average forecast of $4.55B by 11.33%. Lastly, the company's EPS was $8.48, missing the average prediction of $12.57 by -32.56%. In terms of the last quarterly report (Oct 2023), Intuit's revenue was $2.98B, beating the average analysts' forecast of $2.88B by 3.47%. The company's EBITDA was $307M, missing the average prediction of $836.73M by -63.31%. Intuit's net income was $241M, missing the average estimation of $553.76M by -56.48%. The company's SG&A was $1.11B, beating the average forecast of $1.05B by 5.62%. Lastly, the company's EPS was $0.86, missing the average prediction of $1.98 by -56.52%