Intuit price target raised to $868 from $742 at Oppenheimer

Oppenheimer analyst Scott Schneeberger raised the firm’s price target on Intuit (INTU) to $868 from $742 and keeps an Outperform rating on the shares ahead of FY25-end. The firm anticipates Intuit to deliver a strong FY25, with its Consumer segment appearing to return to a tailwind going forward. TurboTax’s marketing approach hit the mark in FY25. It enabled significant cross-selling/up-selling, and drove a mid-single digit increase in “paying units” volume growth. This momentum, coupled with increased tax code complexity stemming, should drive incremental turbotaxlive usage that further bolsters segment average revenue per user, Oppenheimer adds. The firm expects Intuit’s Global Business Solutions segment’s strong growth to persist and Credit Karma to sustain its growth rebound. Intuit Assist, Intuit’s AI tool across segments, is facilitating more efficient, enhanced execution, says Oppenheimer.