Intuit price target lowered to $725 from $750 at UBS

UBS lowered the firm’s price target on Intuit (INTU) to $725 from $750 and keeps a Neutral rating on the shares. Intuit’s results appeared to be largely in-line with expectations, but UBS says it believes shares declined after-hours because the 15% year over year Q1 revenue guide was below the Street at 16% y/y. Intuit has other company-specific growth drivers outside of a macro recovery and AI supporting the stock, the analyst tells investors in a research note.