Intuit Inc Surges to Top 46 Most Actively Traded Stocks with $2.176 Billion Turnover Despite 0.50% Stock Price Dip

On May 30, 2025, Intuit Inc. (INTU) experienced a significant surge in trading volume, with a turnover of $2.176 billion, marking an 81.56% increase from the previous day. This substantial rise in trading activity placed Intuit among the top 46 most actively traded stocks for the day. However, despite the high trading volume, Intuit's stock price dipped by 0.50%.

Intuit's recent financial performance has been a key driver of investor interest. The company reported strong fiscal third-quarter results, with earnings and revenue surpassing Wall Street estimates. This positive performance was largely attributed to the robust growth in its TurboTax segment, which benefited from the launch of new tax services and the integration of AI technologies. The company's CFO, Sandeep Aujla, highlighted that Intuit is experiencing the fastest organic growth in over a decade, further bolstering investor confidence.

Analysts have responded positively to Intuit's earnings report, with several firms raising their price targets for the stock. Barclays increased its price target to $815, citing stability in the tax division. Evercore ISI also boosted its price target, noting the potential of AI initiatives and strong Q3 growth. Jefferies maintained its buy rating while raising its price target, reflecting optimism about the company's future prospects. BMO Capital Markets reiterated its outperform rating, underscoring the company's strong financial performance and strategic initiatives.

In addition to its financial performance, Intuit has been actively involved in strategic acquisitions and partnerships. The company recently announced the acquisition of GoCo, an HR platform, which is expected to enhance its offerings in the small business and self-employed segments. This acquisition aligns with Intuit's strategy to expand its product portfolio and leverage AI to improve customer experiences.

Looking ahead, Intuit's management has expressed confidence in the company's ability to maintain its strong momentum. The company has raised its full-year guidance, reflecting expectations of continued growth in its key segments. Investors will be closely watching Intuit's upcoming earnings calls and strategic announcements for further insights into the company's performance and future outlook.