Intuit price target raised to $600 from $525 at Jefferies

Jefferies raised the firm’s price target on Intuit to $600 from $525 and keeps a Buy rating on the shares ahead of the fiscal Q4 results. The analyst expects “conservative” fiscal 2024 guide following a “rare tax season miss” and a new CFO and new head of tax. However, the firm is positive on Intuit’s positive 2204 due to potential for a macro” soft landing,” its “resilient” small business exposure, easy tax compares, and potential artificial intelligence tailwinds.