Intuit price target raised to $540 from $520 at UBS

UBS raised the firm’s price target on Intuit to $540 from $520 and keeps a Neutral rating on the shares. Intuit’s Q4 results were solid, though FY24 revenue guidance was lower than expected, the analyst tells investors in a research note. The firm doesn’t see much downside risk to Intuit’s outlook assuming the macro holds, but struggles to quantify material upside unless in the form of emerging revenue streams.