Reported 3 months ago
Barclays has raised its price target for Intuit Inc. (NASDAQ:INTU) from $775 to $815, affirming an Overweight rating. This decision follows strong fiscal Q3 results, driven by healthy performance in the Consumer segment and Credit Karma. Intuit reported a 15% year-over-year revenue increase to $7.8 billion, with the Consumer Group alone generating $4 billion. Despite a projected slight decline in online TurboTax units, Barclays expressed increased confidence in Intuit's tax division stability.
Source: YAHOO