Intuit price target raised to $615 from $575 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the firm’s price target on Intuit to $615 from $575 and keeps a Buy rating on the shares. Intuit reported strong fiscal Q1 results, driven by outperformance in all segments, the analyst tells investors in a research note. Despite the revenue and earnings beat, management reaffirmed all of its full-year guidance targets, though this practice is consistent with historical precedent for a Q1, says the firm. It continues to see Intuit as a unique artificial intelligence themed investment opportunity with strong potential for accelerating growth.