Intuit price target raised to $725 from $670 at Mizuho

Mizuho raised the firm’s price target on Intuit to $725 from $670 and keeps a Buy rating on the shares post the fiscal Q2 report. Given the shift in tax revenues, management guided Q3 revenues above consensus and reiterated its fiscal 2024 guidance, which looks conservative, the analyst tells investors in a research note. The firm sees several upside drivers for fiscal 2024, including the return to a normalized tax season.