BMO Remains Bullish on Intuit (INTU) as Core Platforms Offset Mailchimp Headwinds

Intuit Inc. (NASDAQ:INTU) is one of the best stocks for a 20-year long-term stock portfolio. On August 22, BMO Capital analyst Daniel Jester maintained a Buy rating on Intuit Inc. (NASDAQ:INTU) with a price target of $870.

Jester pointed to broad-based strength across Intuit Inc.’s (NASDAQ:INTU) business in Q4 FY 2025, noting that QuickBooks Online exceeded expectations and Credit Karma delivered well above consensus, led by growth in personal loans and credit cards. This growth was partially offset by headwinds in the Global Business Solutions Group, especially with Mailchimp.

The EBIT margin came in slightly below consensus, but management expects faster free cash flow expansion in the next fiscal year. While Intuit Inc.’s (NASDAQ:INTU) guidance for FY 2026 was modestly below consensus due to weakness in Mailchimp, its overall growth prospects remain intact.

Jester believes Intuit Inc.’s (NASDAQ:INTU) leading platforms, supported by favorable market conditions, provide an attractive setup for long-term investors.

Intuit Inc. (NASDAQ:INTU) is a leading provider of financial management and compliance software, offering QuickBooks, TurboTax, Mailchimp, and Credit Karma.

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Disclosure: None. This article is originally published at Insider Monkey.