Oppenheimer analyst Scott Schneeberger lowered the firm’s price target on Intuit to $476 from $516 and keeps an Outperform rating on the shares. The analyst notes Q1 results exceeded guidance as Intuit pre-announced on 11/2/22. However, Intuit modified 2023 total revenue growth guidance to 10%-12% year-over-year from 14%-16% solely on Credit Karma pressure.
Published first on TheFly
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