TD Cowen Expects Strong Q3 Performance from Intuit (INTU)

Vardah Gill

Wed, May 20, 2026 at 7:17 AM EDT 2 min read

With a 5-year average revenue growth rate of 20.9%, Intuit Inc. (NASDAQ:INTU) is included among the 11 Best Long Term US Stocks to Buy Right Now.

On May 11, TD Cowen lowered its price recommendation on Intuit Inc. (NASDAQ:INTU) to $576 from $633. It reiterated a Buy rating on the stock. The firm said it still sees a favorable setup heading into the company’s third-quarter results. Analysts expect Intuit to deliver a clean beat-and-raise quarter, especially after the stock’s recent weakness and what the firm considers an attractive valuation.

Intuit is set to report earnings on May 20. During the fiscal Q2 2026 earnings call, management reaffirmed its full-year outlook and said total company revenue is expected to come in between $20.997 billion and $21.186 billion, representing growth of 12% to 13%. The company expects revenue from its Global Business Solutions Group to grow 14% to 15%, while Consumer Group revenue is projected to rise 8% to 9%.

Management also forecast GAAP diluted earnings per share of $15.49 to $15.69, which would represent growth of 13% to 15%. Non-GAAP diluted earnings per share are expected to range from $22.98 to $23.18, implying growth of 14% to 15%. For Q3 2026, the company projected 10% revenue growth. It also guided for GAAP earnings per share of $10.56 to $10.62 and non-GAAP earnings per share of $12.45 to $12.51. Management added that it remains highly confident in meeting its full-year Global Business Solutions Group revenue guidance.

Intuit Inc. (NASDAQ:INTU) provides a financial technology platform designed to help consumers and small to mid-market businesses manage finances, compliance, and marketing operations. The company also offers specialized tax products for accounting professionals.

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