RBC Capital analyst Rishi Jaluria raised the firm’s price target on Intuit (INTU) to $850 from $760 and keeps an Outperform rating on the shares. The company reported a solid quarter from a strong tax season as shares gained after-hours, and while the overall outperformance was primarily from lower-quality Credit Karma revenue, profitability came in ahead of consensus, the analyst tells investors in a research note.
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