Intuit price target raised to $790 from $770 at Jefferies

Jefferies raised the firm’s price target on Intuit to $790 from $770 and keeps a Buy rating on the shares following the fiscal Q4 report. The analyst says Intuit “can always be relied on to serve up a satisfying combination” of double-digit growth and expanding margins. Regarding the fiscal 2025 outlook, the firm says management “starts off conservative and is likely to beat again.” While the company’s long-term targets were revised, they “prudently reflect” a business evolution, with future upside potential, adds Jefferies.