Intuit price target raised to $642 from $528 at Piper Sandler

Piper Sandler raised the firm’s price target on Intuit to $642 from $528 and keeps an Overweight rating on the shares. The firm came away from Intuit’s Innovation Day impressed by the data-driven functionality of the AI-powered assistant, Intuit Assist, and believes it has the power to drive meaningful efficiency improvements and enhanced ease-of-use to end customers and businesses, the analyst tells investors in a research note.