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Intuit price target raised to $610 from $530 at Oppenheimer

Oppenheimer analyst Scott Schneeberger raised the firm’s price target on Intuit to $610 from $530 and keeps an Outperform rating on the shares. The firm notes Q1 2024 results exceeded guidance as total revenue/adjusted operating income/EPS grew 15%/45%/49% year-over-year, respectively, all handily exceeding its estimates/consensus.

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