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Intuit Ranks 76th in Trading Volume with $891 Million as Stock Climbs for Third Day

Market BriefMonday, May 19, 2025 8:01 pm ET

1min read

On May 19, 2025, Intuit (INTU) saw a trading volume of $891 million, ranking 76th in the day's market activity. The stock rose by 0.09%, marking its third consecutive day of gains, with a total increase of 2.76% over the past three days.

Intuit Inc. is set to release its fiscal third-quarter results on May 22. Analysts anticipate that the company will surpass estimates, driven by strong performance in both tax and software segments. This quarter is particularly significant as it is tax-heavy, providing a validation opportunity for Intuit's strategic initiatives. Goldman Sachs highlights that successful execution in this period can reinforce investor confidence in the company's long-term growth prospects.

Analyst Kash Rangan maintains a Buy rating for Intuit with a price target of $750. He expects the company to report revenue growth of 13% and consumer growth of 10%, both of which exceed consensus estimates. This optimism is supported by IRS data showing accelerating growth in assisted tax volume, a category where Intuit is gaining market share as a price disruptor. The company's targeted campaigns and AI-led investments are expected to enhance platform engagement and market positioning in tax.

Beyond tax services, Intuit's broader software offerings are witnessing stable demand from small and medium-sized businesses. The company's refined promotion strategies are helping it gain market share, despite muted growth in the DIY volume segment. Overall, Intuit's strategic initiatives and strong performance in key areas are expected to drive continued growth and investor confidence.

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