Intuit price target raised to $870 from $820 at BMO Capital

BMO Capital analyst Daniel Jester raised the firm’s price target on Intuit (INTU) to $870 from $820 and keeps an Outperform rating on the shares. The firm notes that its reading of some of the new measures included in the “One Big Beautiful Bill Act” could be incrementally positive for helping Intuit sustain momentum in the TurboTax business next fiscal year, particularly through favorable mix/upsell, the analyst tells investors in a research note. While each tax season is unique, looking back around the pandemic and following the 2017 tax bill changes, Intuit’s tax performance following major tax legislation is solid, BMO added.