Intuit stock forecast scenarios show resilient performance

Intuit stock forecast scenarios show resilient performance even under moderate economic slowdown, thanks to recurring subscription revenue protecting earnings stability. Note that just a slight improvement in the market's FCF yield could push the target price much higher. For example, using a 3.0% FCF yield metric: Credit Karma stood out with 34% revenue growth, reflecting strength in personal loans, credit cards, and auto insurance offerings. Management credited its AI-enabled tools for driving consumer and business adoption. Intuit stock forecast revisions in June show upward adjustments to FY24 revenue estimates, now projected at $17.1B, outperforming prior consensus due to better-than-expected SMB software subscriptions.