Intuit Inc., US4612021034

Intuit stock: BMO reaffirms Buy rating with USD 412 target

Published on 11/12/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO Capital reaffirmed its Buy rating on the software maker. The view follows a mixed quarter with higher revenue but lower net income.

BMO keeps bullish Intuit view

BMO Capital analyst Daniel Jester reaffirmed a Buy rating on Intuit.
Intuit's latest quarterly revenue increased from USD 3.83 billion to USD 4.35 billion year over year.
Quarterly net income declined from USD 381 million to USD 363 million over the same period.

Intuit Inc., US4612021034, Illustration mit AI erstellt.

BMO Capital reaffirmed its Buy rating on Intuit, giving the software company a constructive analyst view ahead of its next set of results. Daniel Jester maintained the rating and set a USD 412 price target in a report released on Wednesday, November 11, according to Markets Insider.

Analyst sees upside despite mixed quarter

The recommendation follows Intuit's latest quarterly report for the period ended July 31. Revenue rose to USD 4.35 billion from USD 3.83 billion a year earlier, while net income fell to USD 363 million from USD 381 million. The figures point to continued top-line expansion alongside pressure on reported profitability.

BMO's stance therefore places greater weight on Intuit's longer-term business position than on the decline in quarterly net income. The company operates financial software and services through products including QuickBooks, TurboTax, Credit Karma, Mailchimp and ProTax. The analyst's target provides a more optimistic reference than the current euro trading level, but it remains an analyst estimate rather than a company forecast.

Intuit stock trades above Xetra close

Intuit stock traded at 307.55 euros on Lang & Schwarz at 13:15 CET on Thursday, November 12, 2026, 0.44 percent above the Xetra close of 306.20 euros on Wednesday, November 11. The comparison shows a modestly firmer indication in the German market while investors weigh the conflicting signals from revenue growth and lower net income.