Intuit (INTU): Assessing Valuation Following Strong Earnings and Major OpenAI Partnership

Intuit (INTU) set the tone for investors this week by announcing strong first-quarter results along with a multi-year partnership with OpenAI. Both moves highlight the company’s ongoing investment in artificial intelligence and digital growth.

See our latest analysis for Intuit.

Intuit’s momentum is fueled by a string of AI-focused launches and high-profile partnerships, but the impact on its share price has been uneven lately. After a strong multi-year run, Intuit’s 1-year total shareholder return is down 5.5%, reflecting a period of market caution despite notable 3- and 5-year gains of 64% and 88% respectively. The latest news could signal renewed investor confidence as Intuit focuses on AI to support long-term growth.

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Yet with the stock trailing over the past year even as earnings and innovation accelerate, investors face a critical question: is Intuit still undervalued after its recent dip, or is all that future growth already reflected in the price?

Most Popular Narrative: 21% Undervalued

The most closely followed narrative puts Intuit’s fair value 21% above the latest close of $637.44, suggesting sizable upside if the projections hold. This marks a notable disconnect between current price and consensus long-term expectations. The outlook depends on whether Intuit can sustain its momentum in AI and platform growth.

The accelerating adoption of Intuit's AI-driven all-in-one platform, including virtual teams of AI agents and human experts, positions the company to consolidate customers' tech stacks, drive automation of workflows, and unlock substantial ROI for customers. This trend supports higher average revenue per customer (ARPC) and net margin expansion over time.

Read the complete narrative.

Curious what bold projections power this punchy narrative? The full narrative unpacks the key drivers that support a premium profit multiple and robust growth assumptions. Dive deeper to reveal the actual roadmap for Intuit’s valuation.

Result: Fair Value of $807.12 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, persistent challenges in Mailchimp’s growth and increased competition across core segments could undermine Intuit’s optimistic outlook and stall momentum in the coming quarters.

Find out about the key risks to this Intuit narrative.

Build Your Own Intuit Narrative

If you see a different story in the numbers or want to dig a little deeper, it only takes a few minutes to shape your own perspective. Do it your way.

A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Intuit.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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