Intuit Inc. (NASDAQ: INTU) remains undervalued despite its recent stock gains, with Mizuho analysts forecasting a 25% upside. The firm reiterates its "Outperform" rating and increases its price target to $765, highlighting strong consumer business growth and favorable valuation metrics.
Despite a 10% rally since its Q2 earnings, Intuit shares are still 14% below recent highs and trading near a two-year low valuation multiple. Mizuho’s analysis suggests the market is underestimating the strength of Intuit’s consumer business, particularly:
Using a sum-of-the-parts (SOTP) valuation, Mizuho assigns an enterprise value of $221 billion, arguing that Intuit’s current valuation does not reflect its long-term growth potential.
One of the key growth catalysts identified is TurboTax, where analysts note:
\u2714 Stronger unit growth than previous estimates
\u2714 Higher average revenue per return (ARPR)
\u2714 Improving seasonal pricing trends
TurboTax recently saw higher promotional prices, signaling a return to normal seasonality and revenue growth stability.
For investors tracking financial performance trends, the Financial Growth API offers insights into Intuit’s earnings momentum and profitability trends.
Mizuho expects Intuit to raise its fiscal 2025 guidance when it reports Q3 results, citing strong consumer and small business segment growth.
With a bullish long-term outlook, analysts believe current market prices undervalue Intuit’s diversified revenue streams, presenting a compelling opportunity for investors.
Intuit’s historical earnings and revenue trends can be analyzed further through the Earnings Historical API, providing context on financial performance over time.
\ud83d\udcc8 Intuit remains undervalued despite recent gains
\ud83d\udca1 TurboTax & Credit Karma drive consumer business growth
\ud83d\udcca Q3 earnings may bring an upward revision to fiscal 2025 guidance
\ud83d\udce2 Mizuho raises price target to $765, projecting 25% upside
With strong fundamentals and improving valuation metrics, Intuit may be a high-potential stock for long-term investors.
