Intuit price target raised to $850 from $725 at Stifel

Stifel raised the firm’s price target on Intuit (INTU) to $850 from $725 and keeps a Buy rating on the shares. Intuit delivered “strong results across the board” as the company’s move upmarket gains steam, the analyst tells investors. The results point to momentum in share gains across the assisted tax category that the firm expects to continue for the foreseeable future, as well as resiliency within the GBS segment excluding Mailchimp that Stifel believes should enable the company to sustain near-term low-teens total revenue growth, the analyst added.