Reported about 18 hours ago
Evercore ISI analyst Kirk Materne has increased the price target for Intuit Inc. (NASDAQ:INTU) from $685 to $785, maintaining an Outperform rating, following the company's robust fiscal Q3 performance that surpassed expectations. Intuit reported revenues of $7.8 billion, exceeding estimates and reflecting a 15% year-over-year growth, with earnings per share of $11.65 compared to the projected $10.93. Despite challenges with Mailchimp, the Global Business Services division showed strong growth, indicating continued potential, especially with AI innovations aimed at mid-market clients.
Source: YAHOO