Intuit: Jefferies raises target price

(CercleFinance.com) - Jefferies maintains its "buy" rating on Intuit shares, having increased its target price for them to 640 dollars (from 630 dollars), the day after the management and accounting solutions provider reported its Q4 2020-21 results.


"We see more upside ahead as Small Business segment continues to recover, TurboTax enjoys tailwind from Live assist, and Credit Karma continues to surprise," the broker says.

It adds, "We like INTU for its steady growth, expanding OM (>36%), + leadership in tax & small biz driving consistent stock gains".


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