Intuit price target raised to $780 from $730 at BofA

BofA analyst Brad Sills raised the firm’s price target on Intuit to $780 from $730 and keeps a Buy rating on the shares. Intuit delivered “a solid Q4” and while there were some puts and takes in the FY25 outlook, this was “largely in line with expectations,” the analyst tells investors. The firm, which says it has no change to its positive view on Intuit, believes the company remains on a path to generate solid scale and is raising its price target due to higher free cash flow estimates and a higher multiple.