Intuit Shares In Focus As Analyst Puts New Subscription Model, GenAI, Tax Laws Into Perspective
Intuit Shares In Focus As Analyst Puts New Subscription Model, GenAI, Tax Laws Into Perspective
Intuit Inc (NASDAQ:INTU) successfully transitioned to a subscription-based model while also showing additional upside from generative artificial intelligence (AI).
财捷股份有限公司（纳斯达克股票代码：INTU）在成功转型为基于订阅的模式的同时，还从生成式人工智能（AI）中展示了额外的上行空间。
The Intuit Analyst: RBC Capital Markets' Rishi Jaluria initiated coverage of Intuit with an Outperform rating and price target of $760.
分析师对财捷的评价：加拿大皇家银行资本市场公司（RBC Capital Markets）的Rishi Jaluria对财捷股票进行了覆盖，并给出了跑赢大盘（Outperform）的评级，股价目标为760美元。
The Intuit Thesis: Around 80% of Intuit's revenue is generated by recurring subscriptions. The company has achieved "greater platform expansion," Jaluria said in the initiation note.
关于财捷的论点：大约80％的财捷营业收入来自于重复的订阅服务。该公司已经实现了“更大范围的平台扩展”，Jaluria在最初的报告中指出。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
Platform revenues now represent 77% of Intuit's total revenues, versus 53% five years ago and the mix-shift in favor of subscription and cloud would drive "better unique economics," he added.
现在，平台收入占财捷总收入的77％，而5年前仅为53％，倾向于订阅和云计算的混合转变将驱动“更好的独特经济效益”，他补充道。
Intuit enjoys a market leadership position in tax and accounting software, which should be a tailwind as "tax codes and regulations become increasingly complex," the analyst wrote.
财捷在税收和财务会计软件领域拥有市场领军地位，随着“税法和法规变得日益复杂”，这应是一个有利因素，分析师写道。
Tax preparation and SMB accounting are "very services-heavy industries," Jaluria says. GenAI gives Intuit's customers the ability to automate and generate cost savings.
Jaluria说，税务准备和中小企业会计是“非常依赖服务业的行业”。GenAI使财捷的客户能够自动化并产生成本节省。
He added that the company's non-GAAP and GAAP operating margins could reach around 40% and 30%, respectively, in fiscal 2026.
他补充说，财捷的非GAAP和GAAP运营利润率可能分别在2026财年达到40％和30％左右。
INTU Price Action: Shares of Intuit had risen by 0.66% to $660.52 at the time of publication on Wednesday.
INTU股价行情：周三发布时，财捷股票上涨了0.66％，至660.52美元。
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