Intuit price target raised to $740 from $640 at Argus

Argus raised the firm’s price target on Intuit to $740 from $640 and keeps a Buy rating on the shares. The analyst cites the company’s Q2 earnings beat as it demonstrated “solid operating leverage”. Intuit’s Small Business & Self Employed Group continued to shine, and the company appears well positioned for a strong FY24, Argus tells investors in a research note.