Intuit Targets 20% Revenue Growth by 2030 with AI-Powered Strategy

Intuit Targets 20% Revenue Growth by 2030 with AI-Powered Strategy

Intuit is making a bold move to accelerate its growth through artificial intelligence and an upmarket push, with analysts staying bullish on the financial software giant's prospects.

Key Investment Highlights

Following Intuit's investor day presentation, Stifel maintained its Buy rating with an $800 price target. The company unveiled its AI+HI (artificial intelligence + human intelligence) product vision, targeting larger, higher-spending customers to drive revenue growth to approximately 20% by 2030.

Financial Projections:

• Revenue target of $37 billion by 2030
• Earnings per share goal of $45 by 2030
• Current fiscal 2026 guidance: $20.997-$21.186 billion revenue (12-13% growth)

Untapped Growth Opportunities

One of the most compelling aspects of Intuit's strategy is the significant opportunity within its existing customer base. Roughly 70% of QuickBooks Online customers remain unaware of the company's payroll and payment services, which represent approximately 50% of projected Online Ecosystem growth for fiscal 2025.

Strong Analyst Support

Multiple investment firms are backing Intuit's strategy:

• Mizuho: Outperform rating, $875 price target
• RBC Capital: Outperform rating, $850 price target
• BMO Capital: Outperform rating, $870 price target

According to InvestingPro data, analyst consensus remains strongly bullish with price targets ranging from $600 to $971.

The Bottom Line

Intuit's focus on AI-driven solutions and "price-for-value" strategy positions the company well for sustained growth. With high-growth products representing an increasing percentage of its business mix, the company appears well-positioned to capitalize on both its existing customer base and expansion into mid-market opportunities.

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