Mizuho Securities reiterated its Outperform rating on Intuit Inc. on Wednesday, lifting the price target to $430 from a prior level.
The upgrade follows the company’s fiscal fourth-quarter results, which exceeded analyst expectations. Intuit reported revenue of $4.4 billion, a 13.7% increase year-over-year and above the $4.28 billion consensus. Non-GAAP earnings per share reached $4.03, surpassing the $3.58 estimate. Operating margin expanded to 33.3%, compared with a 30.7% forecast.
Mizuho’s new target remains below Jefferies’ $500 price target, which the firm maintained alongside a Buy rating. Intuit’s valuation metrics showed a P/E ratio of 21.89 and a PEG ratio of 0.63, with a gross margin of 80.79%, according to InvestingPro data.
For the fiscal year ending in 2027, Intuit guided for revenue growth of 9% to 10%, a deceleration from the 14% growth recorded in fiscal 2026. The company’s TurboTax segment is projected to grow between 2% and 3% over the same period. This marks the first time since fiscal 2015 that Intuit’s annual growth is expected to fall below 10%.
Intuit’s Global Business Solutions Group, which includes mid-market, tax advisory, and financial services, grew 34% and now accounts for 30% of total annual revenue.
Shares of Intuit closed at $398.45 on Tuesday, up 1.2% in extended trading following the results.
