Intuit price target raised to $660 from $570 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Intuit to $660 from $570 and keeps an Overweight rating on the shares post the “solid” fiscal Q1 report. Q1 is a small quarter for Intuit and does not have a significant impact on the investment case, the analyst tells investors in a research note. However, for this Q1, the fear of pressure in the small business space did not play out with the Small Business Segment slightly better than consensus while Credit Karma “is also finding its level, which means shares can continue to work,” says the firm.