Intuit price target raised to $570 from $525 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the firm’s price target on Intuit to $570 from $525 and keeps an Overweight rating on the shares. Intuit posted “solid” results in its fiscal Q1 “against a wall of investor worry,” with 3% revenue upside and a 25% EPS beat in the quarter, the analyst tells investors. The company’s long-standing reluctance to raise full-year targets after Q1 “gives fodder to the bears,” but the firm comes away from the report “more convicted in EPS upside through FY24,” the analyst added.