Intuit price target raised to $550 from $475 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on Intuit to $550 from $475 and keeps a Buy rating on the shares following a “solid” Q4 that showed resiliency of demand for “their mission-critical Small Business offerings.” Management delivered guidance in-line with Street expectations, notes the firm, which believes “the consistent performance in a quarter where many SMB-centric names have faltered exhibits the strength of the Intuit platform growth flywheel and expect the company to further differentiate itself.”