Intuit stock (NASDAQ:INTU) could be heading toward new all-time highs. The innovative tax preparation and accounting software giant has managed to sustain strong revenue and earnings growth momentum lately that seems poised to last. Impressively, the market expects that Intuit’s growth will even accelerate in the coming years. Therefore, despite the stock’s valuation appearing bloated, I believe that INTU stock is set to maintain its upward trajectory. Accordingly, I am bullish on the stock.
Double-Digit Growth Momentum Stays Strong
Intuit’s double-digit growth momentum continues to stay strong, a trend that has persisted for decades at this point. Remarkably, with the exception of 2015, the company has consistently achieved record-breaking revenues since at least 1993, as far back as accessible data allows. Despite such a mature three-decade-old track record, Intuit’s revenues have maintained impressive growth…
