Intuit's Prime Products Likely To Support Revenue Growth, FCF Margins For Nearly A Decade, Analyst Says

Credit Suisse analyst Rich Hilliker initiates coverage on Intuit Inc INTU with an Outperform rating and a price target of $500.
Hilliker writes Intuit is in the early stages of embedding more profound cross-functional innovation and value across QuickBooks, MailChimp, Credit Karma, and TurboTax. He expects them to support double-digit revenue growth and free cash flow margins for nearly a decade.
The company's underlying unified infrastructure enables it to support rapid innovation and efficiently deliver connected experiences to consumers and small businesses that will allow greater prosperity.
Hilliker is optimistic that the company's focus on accelerating developer velocity could accelerate time to value for customers, drive more significant data and AI capabilities, and further enhance the company's offerings.
Intuit is ideal for serving consumers' and small businesses' most pressing financial needs.
He estimates that +75% of Intuit's revenue is well-insulated from macro pressure, and his analysis of +15 years of data suggests continued stable, profitable growth and improving efficiency.
Price Action: INTU shares traded higher by 2.88% at $385.81 on the last check Tuesday.
Photo by Mike Mozart via Flickr

Momentum37.02

Growth62.35

Quality84.54

Value12.49

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