Intuit POP 9 % shares on Beatings Beat, Rosy Ludge

shares Intuit About 9 % emerged on Friday, a day after the company mentioned Quarterly results Which overcame analysts and issued pink guidelines for the full year.

Intuit, which is famous for the Turbotax and Quickbooks program, said the revenue in the third fiscal quarter increased by 15 % to $ 7.8 billion. Net income increased by 18 % to $ 2.82 billion, or $ 10.02 per share, from $ 2.39 billion, or $ 8.42 per share, a year ago.

“This is the fastest organic growth.” It’s a really amazing growth across the platform. “

For the full fiscal year, Intuit said it expected to report revenues ranging from 18.72 billion dollars to 18.76 billion dollars, up from $ 18.16 billion to $ 18.35 billion The last quarter. Analysts expected $ 18.35 billion, according to Lseg.

“We are re -defining what is possible (artificial intelligence) by becoming one store of artificial intelligence and human experts who support artificial intelligence to feed the success of consumers and small and medium -sized companies in the market,” Godarzi said in a statement on Thursday.

Goldman SACHS analysts have repeated the purchase rating on shares and raised their target price to $ 860 from $ 750 on Thursday. Analysts said the implementation of the primary growth columns is “promoting confidence” in the form of long -term growth.

Analysts added that the company’s artificial intelligence map, which includes the introduction of artificial intelligence agents, will add an additional aspect.

“From our point of view, Intuit appears as a rare origin that extends to both the ecosystems of consumers and businesses, all while completing AI’s priority,” said Goldman Sachs analysts in a note.

Deutsche Bank analysts also repeated the purchase rating on shares and raised their target price to $ 815 out of $ 750.

They said that the results of the company are “reassuring” after two rocky years and that they feel more than its ability to develop consumer business.

Analysts wrote in a note on Friday: “In the long run, we still believe that Intuit offers a unique opportunity to invest and see its primary approach that works to operate accelerated innovation with the financial leverage, allowing continuous medium growth or better EPS growth.”