Oppenheimer raised the firm’s price target on Intuit to $678 from $610 and keeps an Outperform rating on the shares. The FY24 tax season officially starts today. The firm views TurboTax positioned to deliver accelerating year-over-year revenue growth vs. last year, and anticipates FY24 industry filing volume inflecting positively/TurboTax’s core DIY category returning to its pre-pandemic trend outpacing professionally-assisted preparation growth.
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