INTU Range low to highBullish on INTU at range lows. Price trading inside of May range. Targeting 50% of 8/19 week's range.
INTU34 trade ideas
Intuit Inc. ($INTU) Announced its Fiscal 2025 Revenue ForecastIntuit Inc. (NASDAQ: NASDAQ:INTU ), the financial software powerhouse behind popular products like TurboTax, QuickBooks, and Credit Karma, is betting big on artificial intelligence (AI) to drive its future growth. The company recently announced its fiscal 2025 revenue forecast, projecting earnings slightly above Wall Street expectations, buoyed by increased demand for its AI-powered financial management tools. This optimistic outlook comes despite a rocky start to the year, highlighted by significant workforce restructuring and fluctuating investor confidence.
AI-Powered Growth Amidst Market Challenges
Intuit’s forecast of $18.16 billion to $18.35 billion in revenue for fiscal 2025 suggests confidence in its AI-driven offerings. These tools, which include personalized financial recommendations and task automation, have seen growing adoption among consumers and businesses alike. The company’s CEO, Sasan Goodarzi, highlighted this momentum, particularly in products like QuickBooks Online and QuickBooks Advanced, which have been central to their growth strategy.
However, not all news has been rosy. Despite an initial surge in after-hours trading following the announcement, Intuit's stock took a sharp turn, closing down 0.78% on Thursday. Investors were spooked by a lower-than-expected first-quarter revenue growth forecast, which the company attributed to its transition of QuickBooks desktop products to a recurring subscription model. This change is expected to dampen first-quarter revenue by approximately $160 million.
Strategic Restructuring and Workforce Changes
Intuit’s push towards AI innovation has not come without costs. In July, the company announced a 10% reduction in its workforce, translating to roughly 1,800 employees. This move was part of a broader restructuring effort aimed at streamlining operations and refocusing resources on high-growth areas, particularly AI.
Interestingly, even as it trimmed its workforce, Intuit has been on a hiring spree, adding nearly 1,000 new employees focused on AI. This dual approach underscores the company’s commitment to staying at the forefront of technological innovation while maintaining operational efficiency.
Strong Financial Performance Despite Market Volatility
Despite the recent market volatility, Intuit’s financial performance has remained strong. For the fourth quarter of 2024, the company reported revenue of $3.18 billion, beating analysts’ estimates. Excluding certain items, Intuit earned $1.99 per share, surpassing the expected $1.84 per share. For the full fiscal year, Intuit’s revenue grew by 13% to $16.3 billion, with the Small Business and Self-Employed Group leading the charge with a 19% increase in revenue.
The company also announced a new $3 billion share repurchase authorization, signaling confidence in its long-term growth prospects. This buyback, coupled with the company’s strong cash flow, provides a solid foundation for future growth, even as it navigates the challenges posed by its ongoing transformation.
Technical Outlook
Intuit (NASDAQ: NASDAQ:INTU ) stock has experienced a decline of 0.80% in Friday's premarket trading. However, there is a glimmer of hope suggested by the Relative Strength Index (RSI) currently at 60, indicating a potential favorable trend reversal despite the aforementioned decrease in Friday's market trading.
Looking Ahead: Navigating a Complex Future
As Intuit (NASDAQ: NASDAQ:INTU ) continues to innovate and expand its AI-driven offerings, the company faces a complex future. The transition to a subscription-based model for QuickBooks and the broader adoption of AI tools will be critical to sustaining its growth. While short-term challenges, such as the anticipated dip in first-quarter revenue, may cause fluctuations in its stock price, Intuit’s long-term outlook remains promising.
With its strong financial foundation, strategic focus on AI, and ongoing efforts to optimize its operations, Intuit is well-positioned to capitalize on the growing demand for digital financial management tools. Investors and market watchers will be closely monitoring how the company navigates the evolving landscape, balancing short-term pressures with its long-term vision.
In conclusion, Intuit’s fiscal 2025 forecast reflects both the opportunities and challenges ahead. As the company doubles down on AI and adapts to market demands, it will need to maintain its focus on innovation and operational efficiency to achieve sustained growth and deliver value to its shareholders.
INTU Inc Long Almost 3 years of range about to breakout. Looks good, one can punt or wait for confirmation of close above 666 on weekly/monthly. Showing good strength .
$INTU Squeezing! Just do some technicals my creativity not kicking in rn... perhaps low caffeine intake... The 20-day moving average is $646.45, suggesting a "Sell" signal. The stock price has seen a decline of 0.84% over the past 5 days.
Bouincing off recistance heading Downwards ... Weekends are for prepping
Intuit ($INTU) Reported Q3 Financial Reports Shares Down 7.87%Intuit, the maker of tax filing software TurboTax, reported a rise in third-quarter revenue and raised its annual forecasts due to demand for its AI-powered financial products during a robust tax season. The company's tax-preparation software, personal finance portal Credit Karma, and accounting software QuickBooks are in high demand from small businesses and individuals for managing their finances.
Intuit ( NASDAQ:INTU ) also offers AI-powered Intuit Assist, which helps small businesses and customers make financial decisions with personalized recommendations. The company now expects annual revenue between $16.16 billion and $16.20 billion, compared with its prior range of $15.89 billion to $16.11 billion. The mid-point of its updated annual revenue outlook was above analysts' average estimate of $16.05 billion.
Intuit ( NASDAQ:INTU ) forecasted revenue between $3.06 billion and $3.10 billion for the fourth quarter, compared with estimates of $3.04 billion. In the third quarter, revenue at its consumer group grew 9% to $3.7 billion, while revenue at its small business and self-employed group rose 18% to $2.4 billion.
5/23/24 - $intu - probably a beat, but this horse is exhausted5/23/24 - vrockstar - NASDAQ:INTU - great name, obviously, but nearly 40x earnings is a tough spot for me to get excited. one interesting chart is if you plug in "INTU/QQQ" to your trading view and notice the stock hasn't broken out vs. the nasdaq (it's traded flat at best) for the last 5 years (since 2019). that's to say, it's great performance, but if you're looking at longevity of px exposure to the upside, this might not be the best horse unless you're a diversified investor (and that's not my approach, i go large on single names that can offer outsized returns).
typing these notes to myself so i don't have to repeat work when i come back to them - but sharing these days in case they're helpful.
sidelines for me on this one, gl to the owners. the risk/reward simply doesn't make enough sense for me to believe i should be buying here into the print
Top stock picks for the next years No 7 Intuit Inc.I am publishing a series of the best stocks with the highest growth rates that I expect over the next few years. Today with the Intuit share with a target price of 1057$
INTU Intuit Options Ahead of EarningsIf you haven't bought INTU ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of INTU Intuit prior to the earnings report this week,
I would consider purchasing the 560usd strike price Puts with
an expiration date of 2023-12-1,
for a premium of approximately $11.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
INTU breakoutINTUIT has broken out of the small congestion zone. It can move to 61.8% of the decline. My first target is 540. Second 570. SL - Closing below 510. Will trail once starts moving up.
IRS -- Friend or foeThe IRS's recent announcement of direct tax filing services in 13 states poses a direct and significant threat to Intuit Inc.'s (INTU) core business, specifically its tax preparation software and services. This government-backed initiative not only erodes the competitive advantage enjoyed by Intuit but also undermines its revenue stream in the affected states. As a result, we anticipate a decline in INTU's stock price over the medium term, reflecting the growing uncertainty surrounding its future earnings potential in these regions. Shorting INTU allows investors to capitalize on this imminent competitive disruption and potential reduction in market share
Targets:
$484
$429
INTU SELL++++INTU testing cloud support of $530 with sell signal $514 bottom of cloud and $509 longer term support which will be tested
$INTU: Oversold bounce?Growth company Intuit may get an oversold bounce here around the 500-510 area. The extent of it however remains to be seen
Intuit to find buyers at previous resistance?Intuit - 30d expiry - We look to Buy at 507.51 (stop at 491.51)
Price action continues to trade around significant highs.
The primary trend remains bullish.
Short term momentum is bullish.
Previous resistance located at 505.
Previous resistance at 505 now becomes support.
We look to buy dips.
Our profit targets will be 547.51 and 552.51
Resistance: 550.00 / 560.00 / 570.00
Support: 534.60 / 520.00 / 505.00
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Intuit,,, Buy opportunity As you see this chart is inside a good uptrend and just passed a major price level on daily time frame. In my opinion, this wave is very strong and after touching the top, it again will rise properly. About 475 can be a good price for SL but stop is related to your strategy completely.
INTU - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term.
🔹In case of a NEGATIVE reaction, the stock has support at approximately 490.
🔹Short-term trading range has been positively signaled by breaking a resistance level.
🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction.
🔹Technically positive for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
INTU Intuit Options Ahead of EarningsAnalyzing the options chain and the chart patterns of INTU Intuit prior to the earnings report this week,
I would consider purchasing the 500usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $12.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Looks Legit...A lot of effort went into this idea...I spent a solid 1 minute working out the future...I think lol.
$INTU with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NASDAQ:INTU after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 60%.
INTU - Ascending Triangle Build OutMight be upside for INTU after building an ascending triangle for most of the year.
Break above $450ish.
360s by end of June 2023Initial target 410-415 in coming weeks. A break below that will setup for move down to 363 by end of June.
Levels it needs to breakdown on path to target are 397 and 384
$INTU with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $INTU after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 87.5%.
480s by end of MarchINTU saw an SOS after accumulation going into earnings, then the backup retest. On the earnings beat it began its markup and is headed to 480s by end of March.
After 480s it will need to retest 446 for support, if that holds it can continue into the 500s.
INTU to end its consolidation period.INTU beat EPS and REV expectations and the valuation points to higher numbers.
Its business proved resiliency and the outlook doesn`t look so grim. INTU has a good history of EPS growth.
The stock might put an end to the consolidation period and renew its uptrend.
#notfinancialadvise. Adjust your size accordingly.
