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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Read More on INTU:
- Intuit price target raised to $785 from $720 at Morgan Stanley
- Intuit price target raised to $750 from $720 at UBS
- Intuit’s Strong Performance and Promising Prospects: A Buy Recommendation by Arjun Bhatia
- Intuit price target raised to $825 from $775 at Wells Fargo
- Intuit price target raised to $789 from $726 at Citi
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