KeyBanc analyst Josh Beck raised the firm’s price target on Intuit to $700 from $670 and keeps an Overweight rating on the shares. The firm is positive on TurboTax indicators around DIY dominance/share gain in 2024; opportunity to address assisted category with full-service “at-bats” considering proportion of filers likely to establish new tax pro relationships and high consideration for full-service offering; and Credit Karma opportunity in an improving credit supply environment as its consumer fintech survey indicates consistent demand.
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