BUZZ-Street View: Intuit's Mailchimp drag to weigh on near-term growth

Reuters

08/22

** Intuit INTU.O forecast first-quarter revenue growth below analysts' estimates on Thursday, hit by sluggish performance at its marketing platform Mailchimp

** Shares down 6.1% at $655 premarket

LONG-TERM TRENDS INTACT

** J.P.Morgan ("overweight," PT: $750) expects Mailchimp to weigh on growth in the near term

** BofA Global Research ("buy," PO: $800) says "a fix to lagging Mailchimp is not in sight"; notes Mailchimp provides a mere 1.5% headwind to co's overall business solution growth

** Evercore ISI ("outperform," PT: $875) says despite relative disappointment from the earnings print, the long-term trends in the business remain intact

** Barclays ("overweight," PT: $785) remains positive on co with AI-driven products boosting prices and steady volumes

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))

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xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Street View: Intuit's Mailchimp drag to weigh on near-term growth</title></head><body><p>** Intuit <span>INTU.O</span> forecast <span>first-quarter revenue</span> growth below analysts' estimates on Thursday, hit by sluggish performance at its marketing platform Mailchimp</p><p>** Shares down 6.1% at $655 premarket</p><p>LONG-TERM TRENDS INTACT</p><p>** J.P.Morgan (\"overweight,\" PT: $750) expects Mailchimp to weigh on growth in the near term </p><p>** BofA Global Research (\"buy,\" PO: $800) says \"a fix to lagging Mailchimp is not in sight\"; notes Mailchimp provides a mere 1.5% headwind to co's overall business solution growth</p><p>** <a href=\"https://laohu8.com/S/EVR\">Evercore</a> ISI (\"outperform,\" PT: $875) says despite relative disappointment from the earnings print, the long-term trends in the business remain intact </p><p>** Barclays (\"overweight,\" PT: $785) remains positive on co with AI-driven products boosting prices and steady volumes</p><p> (Reporting by Kanchana Chakravarty in Bengaluru)</p><p> ((Kanchana.Chakravarty@thomsonreuters.com))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INTU","symbol_name":"財捷","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250822:nL4N3UE0HH:1","article_id":"2561471506","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561471506","pubTimestamp":1755864574,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Street View: Intuit's Mailchimp drag to weigh on near-term 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Evercore ISI (\"outperform,\" PT: $875) says despite relative disappointment from the earnings print, the long-term trends in the business remain intact ** Barclays (\"overweight,\" PT: $785) remains positive on co with AI-driven products boosting prices and steady volumes (Reporting by Kanchana Chakravarty in Bengaluru) ((Kanchana.Chakravarty@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}