Morgan Stanley lowers Intuit price target, would buy on weakness

Morgan Stanley analyst Keith Weiss lowered the firm’s price target on Intuit (INTU) to $880 from $900 and keeps an Overweight rating on the shares. FY25 represents Intuit’s second straight year of revenue acceleration, but FY26 targets below the Street may “overshadow the positive trend lines,” the analyst tells investors. However, the firm would be buyers on weakness given what it calls “solid progress on core growth initiatives” and management’s history of conservative guidance, the analyst added.