Intuit Stock Soars 1.86% to Record High on AI-Powered QuickBooks

Intuit's (INTU) stock price surged to a record high today, with an intraday gain of 1.86%.

Intuit Inc. (NASDAQ:INTU) recently reached an all-time high stock price of $775.36, which presents an opportune moment to examine the stock's potential future performance. By analyzing the stock price movements over the next 1 week, 1 month, and 3 months after reaching this high, we can gain insights into possible trends and patterns.

Next 1 Week:

- Volatility: The stock may experience increased volatility following the news of reaching a new high. Investors may book profits or adjust their positions, leading to short-term price fluctuations.

- Resistance Levels: The stock will likely face resistance at the all-time high of $775.36, and nearby levels may act as barriers to upward movement in the short term.

- Support Levels: Support levels around $750-$760 could be crucial, as these areas may attract buyers looking to re-enter the stock at lower prices.

Next 1 Month:

- Trend Continuation: If the market conditions remain favorable, the stock may continue its upward trend, potentially surpassing the current all-time high.

- Earnings Report: The upcoming earnings report on May 22nd could significantly impact the stock price. If the earnings beat expectations, the stock may experience a positive price movement, potentially leading to new highs.

- Analyst Expectations: Analysts have raised price targets, with an average one-year target price of $789.26, indicating a positive outlook that could support continued upward movement in the stock price.

Next 3 Months:

- Growth Prospects: With a projected compound annual growth rate of 22% for Intuit’s online ecosystem revenue from fiscal year 2026 to 2028, the stock may experience sustained growth over the longer term.

- Price Target Increases: Mizuho Securities raised its price target to $875, citing a strong outlook for the QuickBooks segment and expected growth in the company’s online ecosystem. Stifel analysts maintained their Buy rating with an $850 price target, and BMO Capital Markets reiterated its Outperform rating with a $820 price target.

- Market Position: Intuit's strategic positioning in the financial software sector and its strong brand are likely to support continued growth and market share expansion, which could lead to higher stock prices over the longer term.

In conclusion, while short-term volatility is possible after reaching a new high, the overall trend for Intuit stock appears positive, with potential for continued upward movement supported by strong financial performance, growth prospects, and increased investor confidence.

Intuit's strategic pivot to an AI-powered QuickBooks platform has positioned the company as a key player in the SME fintech landscape. This move is expected to reduce administrative burdens for small and medium-sized businesses (SMBs), creating a compelling investment thesis by enabling productivity gains, customer lock-in, and premium pricing.

Recent analyst ratings have also contributed to the positive market sentiment surrounding Intuit. CLSA has given the stock an Outperform rating with a price target of $900, while Citi has reiterated its Buy rating with a price target of $789. These ratings reflect strong market confidence and favorable valuation for Intuit's stock.

Intuit's recent performance has been robust, with the stock reaching a new 52-week high. This demonstrates strong market momentum and highlights the company's ability to deliver consistent growth and value to its shareholders.