Barclays raised the firm’s price target on Intuit (INTU) to $815 from $775 and keeps an Overweight rating on the shares. The company’s fiscal Q3 results were highlighted by a strong performance from both Credit Karma and Consumer, with the fiscal year guidance raised solidly across all metrics, the analyst tells investors in a research note. The firm says that with stability coming back to the tax line, it feels more confident in the strength of the business.
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