Intuit price target raised to $580 from $530 at BofA

BofA analyst Brad Sills raised the firm’s price target on Intuit to $580 from $530 and keeps a Buy rating on the shares after the company reported “healthy Q4 results in aggregate.” Though Intuit guided to a “mixed” set of FY24 segment targets, the firm sees potential for a return to mid/high teens revenue growth with potential consumer tax upside as the company moves through the tax season, the analyst tells investors.