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Mizuho Securities Hikes Intuit Price Target to $875 on Positive QuickBooks Outlook

Neha Gupta

Mon, Jun 16, 2025, 9:50 AM 2 min read

The price target adjustment follows an analysis of the company's QuickBooks business after a robust TurboTax season. Siti Panigrahi and analysts at the research firm expect Intuit's online ecosystem revenue to grow at a compound annual growth rate of 22% between 2026 and 2028, beating consensus estimates of 18%.

The expected growth should be accelerated by increased traction in the mid-market segment through products like QBO Advanced and IEX. Additionally, Intuit is expected to benefit from the broader adoption driven by portfolio expansion. Integration of artificial intelligence agents in QuickBooks is also likely to accelerate upgrades.

Panigrahi expects Intuit's stock valuation to receive a significant boost given the anticipated growth complimented by double-digit growth in the Consumer segment. The company's solid performance in fiscal 2025, ongoing margin expansion, and increased monetization of AI technologies are also expected to bolster the stock's sentiments.

Intuit Inc. (NASDAQ:INTU) is a technology company that provides financial management, compliance, and marketing products and services. It provides QuickBooks services, including online financial and business management, desktop software, bill pay solutions, checking accounts, and financing services.

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