Rothschild & Co Redburn upgraded Intuit (INTU) to Buy from Neutral with a price target of $700, up from $670, indicating 46% upside from current levels. The company’s core QuickBooks and TurboTax applications are some of the “most resilient to AI disruption risk” in the enterprise software sector, the analyst tells investors in a research note. The firm says Intuit has “deep data and business logic moats built on complex regulatory dependencies, deep domain knowledge and strong network effects.” Rothschild believes this will drive “significant” pricing power for Intuit and 13% revenue growth over the coming five years.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTU:
- Marvell upgraded, Trade Desk downgraded: Wall Street’s top analyst calls
- Northcoast upgrades Intuit to Buy on valuation after selloff
- Intuit upgraded to Buy from Neutral at Northcoast
- Intuit price target lowered to $600 from $675 at Mizuho
- Intuit price target lowered to $519 from $720 at Goldman Sachs