Intuit (INTU) Soars 8.1% on AI-Driven Earnings Surge

Intuit's stock surged 8.1% in pre-market trading on May 26, 2025, driven by a series of positive developments that have bolstered investor confidence in the company.

Intuit's third-quarter revenue reached $77.5 billion, surpassing analyst expectations of $75.6 billion, thanks to strong performances from its TurboTax Live and Credit Karma platforms. TurboTax Live saw a 24% increase in customer growth and a 47% rise in annual revenue, largely attributed to the company's strategic use of artificial intelligence and automation.

Following the release of the financial report, several Wall Street analysts upgraded their price targets for Intuit, with some setting new targets as high as $875 per share. This reflects the market's growing optimism about the company's future prospects and its ability to continue delivering strong financial results.

Intuit's strategic focus on artificial intelligence and automation has been a key driver of its recent success. The company's investment in these technologies has not only enhanced its product offerings but also improved operational efficiency, contributing to its impressive financial performance.

Looking ahead, Intuit has raised its full-year earnings guidance, projecting adjusted earnings per share to be between $20.07 and $20.12, representing an 18% to 19% increase. This optimistic outlook, combined with the company's strong third-quarter results, has further boosted investor confidence and contributed to the recent surge in its stock price.