TD Cowen Expects Strong Q3 Performance from Intuit (INTU)

On May 11, TD Cowen lowered its terms proposal connected Intuit Inc. (NASDAQ:INTU) to $576 from $633. It reiterated a Buy standing connected the stock. The steadfast said it inactive sees a favorable setup heading into the company’s third-quarter results. Analysts expect Intuit to present a cleanable beat-and-raise quarter, particularly aft the stock’s caller weakness and what the steadfast considers an charismatic valuation.

Intuit is acceptable to study net connected May 20. During the fiscal Q2 2026 net call, absorption reaffirmed its full-year outlook and said full institution gross is expected to travel successful betwixt $20.997 cardinal and $21.186 billion, representing maturation of 12% to 13%. The institution expects gross from its Global Business Solutions Group to turn 14% to 15%, portion Consumer Group gross is projected to emergence 8% to 9%.

Management besides forecast GAAP diluted net per stock of $15.49 to $15.69, which would correspond maturation of 13% to 15%. Non-GAAP diluted net per stock are expected to scope from $22.98 to $23.18, implying maturation of 14% to 15%. For Q3 2026, the institution projected 10% gross growth. It besides guided for GAAP net per stock of $10.56 to $10.62 and non-GAAP net per stock of $12.45 to $12.51. Management added that it remains highly assured successful gathering its full-year Global Business Solutions Group gross guidance.

Intuit Inc. (NASDAQ:INTU) provides a fiscal exertion level designed to assistance consumers and tiny to mid-market businesses negociate finances, compliance, and selling operations. The institution besides offers specialized taxation products for accounting professionals.

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