Goldman Sachs keeps a Buy rating and $765 price target on Intuit after the company’s Analyst Day presentation, saying the firm is “incrementally more positive” about Intuit’s potential to accelerate revenue growth while expanding margins. Intuit’s growth profile is shifting from a low-ARPC – or Average Revenue Per Customer – and high-volume business model to higher-value / higher ARPC product offerings that are increasingly positioned up-market, thereby opening up larger total addressable markets and creating a longer runway for growth, the analyst tells investors in a research note.
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