Oppenheimer raised the firm’s price target on Intuit (INTU) to $742 from $642 and keeps an Outperform rating on the shares. The firm notes Intuit’s Q3 total revenue/adjusted operating income/adjusted EPS grew 15%/17%/18% year-over-year, respectively, each outperforming expectations. With the 4/15/25 tax season deadline behind it, TurboTax’s Q3 performance significantly exceeded expectations via higher-than-anticipated average revenue/return. This prompted an increase to Intuit’s FY25 Consumer segment revenue guidance from 7%-8% to 10% year-over-year growth, Oppenheimer adds.
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