Intuit Eyes Aggressive Revenue Growth Amid Choppy Performance

about 1 month ago

Bailey Lipschultz

"Going to touch on Intuit, tax preparation. This is a company, ticker INTU, up about 2%. This comes after the company held an analyst day. The interesting thing, guys, the company was talking about 2030 goals of accelerating revenue growth to about 20%. That's a big move for this company. Analysts at Seafel basically saying, regardless if they reach that, "lofty goal", there's still a push to move further up market and what that could mean for the company, benefiting not only their revenue growth, but also their margin expansion. But again, a stock that is down from a July high, about 14%."

Intuit (INTU) is experiencing a mix of short-term volatility and long-term growth initiatives. Despite a modest 2% gain recently, the company is setting ambitious 2030 targets to boost revenue growth towards 20%, aiming to expand its market reach and margins, though it remains 14% below its July high.

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