Intuit price target raised to $760 from $725 at BofA

BofA raised the firm’s price target on Intuit to $760 from $725 and keeps a Buy rating on the shares after the company reported largely in line Q2 results and reaffirmed its FY24 outlook. While it is too early to draw conclusions in the tax season, as reflected in the unchanged FY24 outlook for 7-8% growth, the firm sees “reasons for optimism” and the potential for meaningful upside this season, the analyst tells investors.