BMO Capital raised the firm’s price target on Intuit to $700 from $640 and keeps an Outperform rating on the shares. The firm’s annual survey of U.S. taxpayers indicates favorable shifts in paid users and steady improvement in Full Service adoption this tax season, the analyst tells investors in a research note. BMO adds that there is opportunity within Credit Karma to accelerate TurboTax adoption and defend against competitive solutions for simple filers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on INTU:
- Intuit price target raised to $678 from $610 at Oppenheimer
- Intuit price target raised to $700 from $670 at KeyBanc
- Wells Fargo downgrades Bill to Equal Weight on growing list of risks
- FTC issues opinion finding that Intuit engaged in deceptive practices
- Analysts and Technical Indicators Agree: These 3 Stocks Are “Strong Buys” – 1/15/2024