随着中小企业势头的增强，摩根士丹利的Intuit升级为Overweight

Morgan Stanley upgraded Intuit (NASDAQ:INTU) to Overweight from Equalweight on Wednesday as the company's momentum in the small business sector builds, its efficiency initiatives start yielding, and its conservative H2 2025 outlook bodes well for positive earnings revisions in the near term.

The upgrade comes after the owner of TurboTax, Credit Karma, QuickBooks, and Mailchimp posted strong fiscal Q2 revenue and earnings on Tuesday. Q2 revenue for its global business solutions group climbed 19% Y/Y to $2.7B, and its Credit Karma revenue jumped 36%.

Analyst Keith Weiss sees potential for the small business group's and Credit Karma's outperformance to continue in the second half of its fiscal year. "While the company does face modestly tougher compares in the Auto Insurance part of the business in 2H, core drivers in Q2 were Credit Cards and Personal Loans, and the company has noted no dimming of demand for leads from its financial services partners heading into the back half of the year," he wrote in a note to clients.

The Overweight rating contrasts with the SA Quant rating and average SA Analyst rating, both at Hold, and aligns with the average Wall Street rating of Buy.

After the strong Q2 beat and the Morgan Stanley upgrade, Intuit (NASDAQ:INTU) stock surged 8.1% in Wednesday premarket trading.