Intuit (INTU) Drops 4.28% Despite Revenue Surge

Intuit's stock price dropped 4.28% in pre-market trading on April 2, 2025, reflecting a significant decline in investor sentiment.

Jefferies recently maintained its buy rating for Intuit but lowered its price target from $800.00 to $735.00. This adjustment comes after Intuit reported its fiscal 2025 mid-year results, which showed a 13.86% increase in revenue to $72.46 billion and a net profit of $6.68 billion, with earnings per share at $2.38.

Intuit has launched the Small Business Growth Council in the UK, an initiative aimed at empowering small businesses through AI and digital adoption. The council, comprising 18 digitally connected businesses, will advocate for policies that drive innovation and economic growth, focusing on digital adoption, simplifying business administration, and democratizing access to AI.

Intuit's CEO, Sasan Goodarzi, emphasized the importance of supporting small businesses in the digital economy, highlighting the potential productivity boost from increased AI adoption. The council will work closely with the UK government to ensure that small businesses are at the forefront of digital transformation.