Intuit’s latest updates show a slight decrease in its fair value estimate to $803.89 per share, with minor cuts in long-term revenue growth projections and a reduced discount rate, suggesting lower perceived risk. Analysts, particularly from Evercore ISI and Mizuho, remain bullish due to the OpenAI partnership, which they believe enhances Intuit’s growth potential and market positioning. This collaboration could tap into about 700 million monthly active OpenAI users, potentially accelerating adoption of Intuit’s financial services. Though recent data from Credit Karma indicates potential for revenue upside, concerns linger over whether the stock’s elevated price already reflects these benefits. Investors are encouraged to track these developments and consider adding Intuit to their watchlists. With a projected continued double-digit growth, Intuit’s strategic initiatives and market trends signal positive long-term potential despite some execution risks. Engage with community insights on Simply Wall St to stay informed about Intuit’s evolving narrative.
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