Jim Cramer on Intuit: "You Stick With That One, It's Going to Go Higher"

Intuit Inc. (NASDAQ:INTU) is one of the stocks on which Jim Cramer expressed his thoughts. A caller sought Cramer’s thoughts on the stock toward the end of the lightning round, and here’s what he had to say:

Okay. Sasan Goodarzi came on our show, the CEO came on our show after that quarter. A lot of people didn’t like the quarter. He liked it. I liked it. And what’s it done? Nothing but go higher. You stick with that one. It’s going to go higher.

Intuit Inc. (NASDAQ:INTU) provides financial management, tax preparation, marketing, and personal finance solutions. Cramer discussed the stock during the February 26 episode, as he commented:

Nearly two months into the year, the worst performing stock in the entire S&P 500 is Intuit, the software company behind TurboTax and QuickBooks, smaller businesses like Credit Karma, Mailchimp. This one’s down more than 40% year to date, even after bouncing nicely today along with that whole enterprise software cohort.

Now, I always felt like Intuit had more protection against AI disruption than the typical software play. And tonight, Intuit reported a tremendous set of numbers with revenue growth in the high teens and a monster earnings beat. But management didn’t raise their full-year forecast and their guidance for the current quarter. That is the most important quarter of the year because of tax season also came in a little light. I say this is standard practice. These guys never raise numbers going into tax season, but that’s why the stock’s trading lower after hours.

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