Intuit price target raised to $770 from $660 at JPMorgan

JPMorgan raised the firm’s price target on Intuit (INTU) to $770 from $660 and keeps an Overweight rating on the shares. The company’s fiscal Q3 results came in well ahead of estimates, driven by outsized TurboTax and Credit Karma beats, the analyst tells investors in a research note. The firm says its “enthusiasm remains highest” for the QuickBooks franchise and its upmarket momentum, noting the segment remains a “durable on-track high-growth phenomenon at scale.”