Intuit (INTU) reiterated confidence in its fiscal 2027 forecast at the investor day, which focused more on the building blocks, key performance indicators as well as early proof points for its outlook, UBS said in a note Friday.
The company expects growth from Assisted Tax, Money and Mid-Market, which now account for about 30% of revenue and are growing more than 30% year over year, the brokerage noted.
UBS said the event was not particularly sentiment-changing, with investor confidence likely dependent on how the company showcases upside and execute against its goals.
The company expects to use QB Free and Lite, Money and Intelligence to support customer acquisition, the brokerage noted.
UBS maintained its neutral rating on the stock with an unchanged price target of $360 per share.
Price: $302.88, Change: $-10.25, Percent Change: -3.27%