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Goldman Sachs Reiterates Buy On Intuit, Sees AI As Long-Term Growth Driver
Financial Modeling Prepยท 2025-09-19 17:51
Core Viewpoint - Goldman Sachs maintains a Buy rating and a price target of $860 on Intuit, citing increased confidence in the company's long-term growth potential following its recent Analyst Day [1] Group 1: AI Integration and Growth Potential - Intuit's integration of AI across its platform is expected to enhance adoption, retention, and accelerate growth in the coming years, positioning AI as a catalyst for expanding its leadership in the SaaS market [1] - The early adoption of AI and workflow automation are identified as key drivers for Intuit's growth, alongside the potential of TurboTax Live and strong momentum in the small business segment through QuickBooks Advanced and Intuit Enterprise Suite [2] Group 2: Financial Performance and Aspirations - Intuit's history of accelerating revenue growth and expanding operating margins indicates that the company is on track to meet its long-term growth aspirations, with AI serving as a multiplier for its SaaS model [2]