10:51 AM EDT, 09/19/2025 (MT Newswires) -- Intuit (INTU) is well-positioned across its core business segments as the financial technology platform has an "ample" runway for growth, Oppenheimer said in a Friday client note.

The company held its investor day and reaffirmed its financial guidance for the first quarter and full fiscal 2026 on Thursday. Intuit is targeting 20% revenue growth for 2030, Chief Executive Sasan Goodarzi told analysts during the investor day event, according to a FactSet transcript. The brokerage believes the goal is "bold" but "within reason."

"Intuit, which has consistently delivered a double-digit long-term organic revenue (compound annual growth rate), maintains an ample runway for growth," Oppenheimer analysts Scott Schneeberger and Daniel Hultberg said in the note.

Intuit was "noticeably" more confident this year amid the growth of its key business segments, the brokerage said.

Intuit's long-term revenue outlook includes 15% to 20% growth for its business platform, 6% to 10% growth for its TurboTax segment, and 10% to 15% growth for the Credit Karma business.

For fiscal 2026, the company continues to expect non-GAAP earnings per share of $22.98 to $23.18, indicating a year-over-year increase of about 14% to 15%. Intuit also reaffirmed its full-year revenue outlook of between roughly $21.0 billion to $21.19 billion, indicating annual growth of 12% to 13%. Analysts polled by FactSet are currently looking for EPS of $23.16 and revenue of $21.16 billion for the fiscal year.

For the first quarter, the company continues to expect non-GAAP EPS of $3.05 to $3.12 and revenue growth between 14% to 15%. Analysts expect adjusted EPS of $3.09 on sales of $3.76 billion.

The company is using artificial intelligence to increase efficiency that could bolster revenue and margins, the brokerage said. Oppenheimer reiterated its outperform rating and its price target of $868 on the stock.

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