Generative-AI financial assistant gives businesses new tools to do the work for them, get paid faster, and power growth Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the launch of Intuit Assist for QuickBooks, a generative AI (GenAI)-powered financial assistant that transforms how businesses run and grow their business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120869309/en/Intuit Assist for QuickBooks Email to Invoice (Photo: Business Wire) Available to QuickBooks Online customers in the U.S.*, Intuit Assist is d

The Revenue Blueprint unpacks how data-driven marketers leverage emerging technologies to enhance engagement, personalize campaigns, and grow revenue Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today shares its latest report, "The Revenue Blueprint: Strategies for Performance-Obsessed Marketers." Based on a global survey of more than 2,000 marketing leaders, this report explores how mid-market brands can foster growth in a rapidly-evolving digital environment, with a particular emphasis on the potent combination of data-driven strategy, creative spark, and AI-powered efficiencies. This press rele

Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, will announce its first-quarter financial results for fiscal year 2025 on November 21, following the close of market. The company's first quarter ends today. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on November 21. The conference call can be heard live at https://investors.intuit.com/news-events. Prepared remarks for the call will be available on Intuit's website after the call ends. Replay Information A replay of the conference call will be available for one week by calling 800-839-4198 or 402-220-298

Business ecosystem updates deliver AI-driven insights, staffing solutions for scaling businesses, and features that engage and grow customers to power prosperity Today, Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, unveiled new innovations at its Intuit Connect conference to serve the accounting community and business customers through the company's AI-driven expert platform. Intuit Connect (formerly known as QuickBooks Connect) is the company's signature event for accounting professionals, taking place this week in Las Vegas. Intuit Connect event attendees were the first to get a close look at the

New innovations connect products across Intuit's platform to deliver seamless, done-for-you experiences for consumers and businesses Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today shared the company's strategy at Investor Day and unveiled new AI-powered innovations that help consumers make smart money decisions year-round and fuel business growth on Intuit's platform, supercharged with an AI-powered financial assistant in customers' pockets. "Intuit's AI-driven expert platform delivers seamless, connected, done-for-you experiences that help customers make more money with less work and have comp

Company's early investments in Generative AI Operating System and AI-driven expert platform innovations accelerate delivery of agentic AI experiences Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, is pioneering a done-for-you future with agentic AI. Developed using its proprietary Generative AI Operating System (GenOS), Intuit's new agentic AI systems will do the hard work on behalf of consumers and businesses, complemented by personalized AI-driven insights and recommendations, with a seamless path to AI-powered human tax and bookkeeping experts whenever needed. Intuit is bringing together the best o

NOTE TO EDITORS: The Following is an Investment Opinion Issued by Spruce Point Capital Management Believes Intuit's Small Business & Self-Employed Segment Lacks Transparency, Faces New Competitive Threats, and is Unlikely to Execute Successfully on Stated Growth Vectors Highlights That Major Acquisitions Mailchimp and Credit Karma Should Detract From Intuit's Valuation Given Their Inferior Revenue Characteristics, Competitive Struggles, and the Large Discount the Market is Ascribing to Their Publicly-Listed Peers Details TurboTax's Alleged Unsavory Corporate Behavior, Questionable Disclosures, Deteriorating Growth Profile, and Existential Risks From the IRS Direct File Program Highlight

Intuit further expands mid-market offerings with an all-in-one solution that serves larger and more complex businesses and fuels their growth Today, Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced a major milestone to accelerate its offerings for mid-market businesses with the introduction of Intuit Enterprise Suite, a configurable suite of integrated financial products designed to seamlessly scale and enhance productivity and profitability for businesses as they grow. As the world's leading financial technology platform, Intuit is best positioned to serve the $89 billion total addressable ma

Intuit (NASDAQ:INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, will host its annual Investor Day at its headquarters in Mountain View, CA on September 26, 2024 at 8:00 a.m. Pacific Time. Chief Executive Officer Sasan Goodarzi and Chief Financial Officer Sandeep Aujla will be joined by business leaders to discuss Intuit's strategy for fiscal year 2025. The company's fiscal year runs from August 1, 2024 to July 31, 2025. The half-day event will be broadcast live via webcast on Intuit's website at https://investors.intuit.com/news-events. A replay of the video broadcast will be available on Intuit's website approximately three h

Intuit Inc. (NASDAQ:INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today that Sasan Goodarzi, chief executive officer, will present at the Goldman Sachs Communacopia & Technology Conference on September 11, 2024. The fireside chat will begin at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time) and will be available live via audio webcast on Intuit's investor relations website at https://investors.intuit.com/news-events. A replay of the webcast will be available approximately 24 hours after the presentation ends. About Intuit Intuit is the global financial technology platform that powers prosperity for the pe

Scotiabank initiated coverage of Intuit with a rating of Sector Perform and set a new price target of $700.00

BMO Capital Markets reiterated coverage of Intuit with a rating of Outperform and set a new price target of $760.00 from $700.00 previously

Morgan Stanley downgraded Intuit from Overweight to Equal-Weight and set a new price target of $685.00 from $750.00 previously

RBC Capital Mkts initiated coverage of Intuit with a rating of Outperform and set a new price target of $760.00

Jefferies reiterated coverage of Intuit with a rating of Buy and set a new price target of $770.00

Susquehanna initiated coverage of Intuit with a rating of Positive and set a new price target of $700.00

HSBC Securities initiated coverage of Intuit with a rating of Hold and set a new price target of $520.00

Exane BNP Paribas upgraded Intuit from Underperform to Neutral and set a new price target of $532.00

Atlantic Equities initiated coverage of Intuit with a rating of Overweight and set a new price target of $530.00

UBS initiated coverage of Intuit with a rating of Neutral and set a new price target of $430.00

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

4 - INTUIT INC. (0000896878) (Issuer)

Intuit's (NYSE:INTU) short percent of float has risen 10.48% since its last report. The company recently reported that it has 3.74 million shares sold short, which is 1.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.21 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp

Intuit (NASDAQ:INTU) has outperformed the market over the past 10 years by 11.94% on an annualized basis producing an average annual return of 22.64%. Currently, Intuit has a market capitalization of $178.66 billion. Buying $100 In INTU: If an investor had bought $100 of INTU stock 10 years ago, it would be worth $775.06 today based on a price of $639.10 for INTU at the time of writing. Intuit's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe

Salesforce, Inc. (NYSE:CRM) reportedly cut around 300 roles to streamline operations, highlighting the tech industry’s ongoing focus on cost control. The company made the job cuts this month, reported Bloomberg, citing a source familiar with the matter. In a statement, Salesforce confirmed the job reductions but did not provide specifics, per the report. “”Like any healthy business, we continuously assess whether we have the right structure in place to best serve our customers and fuel growth areas,” the report cited a spokesperson. “In some cases that leads to roles being eliminated.” In January 2024, Salesforce laid off close to 700 employees, about 1% of its 70,000-strong workfor

Piper Sandler analyst Arvind Ramnani maintains Intuit (NASDAQ:INTU) with a Overweight and maintains $760 price target.

In the current session, the stock is trading at $637.10, after a 0.67% spike. Over the past month, Intuit Inc. (NASDAQ:INTU) stock increased by 6.29%, and in the past year, by 30.59%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Comparing Intuit P/E Against Its Peers The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the comp

Intuit Inc. (NASDAQ:INTU) shares are trading lower after the company announced a reorganization plan aimed at reallocating resources to its key growth areas. As part of this plan, the company will lay off approximately 1,800 employees and close its Boise and Edmonton sites. The company plans to hire a nearly equivalent number of employees in fiscal 2025 to support its growth initiatives, expecting overall headcount to increase. The reorganization will incur charges estimated between $250 million and $260 million, primarily in the fourth fiscal quarter ending July 31, 2024. These charges include $217 million to $227 million for severance payments and employee benefits, and $33 mil

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Investors with a lot of money to spend have taken a bullish stance on Intuit (NASDAQ:INTU). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 12 uncommon options trades for Intuit. This isn't normal. The overall sentiment of these big-money traders is split between 66% bullish and 8%, bearish. Out of all of the special optio

Intuit Inc (NASDAQ:INTU) successfully transitioned to a subscription-based model while also showing additional upside from generative artificial intelligence (AI). The Intuit Analyst: RBC Capital Markets’ Rishi Jaluria initiated coverage of Intuit with an Outperform rating and price target of $760. The Intuit Thesis: Around 80% of Intuit’s revenue is generated by recurring subscriptions. The company has achieved "greater platform expansion," Jaluria said in the initiation note. Check out other analyst stock ratings. Platform revenues now represent 77% of Intuit's total revenues, versus 53% five years ago and the mix-shift in favor of subscription and cloud would drive "better un

12 analysts have shared their evaluations of Intuit (NASDAQ:INTU) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 6 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 3 5 2 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $731.0, a high estimate of $770.00, and a low estimate of $655.00. Observing a 1.63% increase, the cur