Reported 3 days ago
Jefferies analyst Brent Thill has raised the price target for Intuit Inc. (NASDAQ:INTU) from $735 to $850 and maintained a 'Buy' rating following the company's strong revenue performance over three consecutive quarters. Intuit also upgraded its fiscal year 2025 growth forecast from 12-13% to 15%, attributing this to the success of TurboTax Live and notable growth in Credit Karma. Looking ahead, Intuit plans to launch new AI-driven products for fiscal year 2026, prompting Thill to believe that the revised price target is justified.
Source: YAHOO