Susquehanna raised the firm’s price target on Intuit (INTU) to $819 from $757 and keeps a Positive rating on the shares. The firm said their AI automation efforts are starting to show results across the organization as they showed a 90 basis point increase in terms of headcount productivity. Midterm, they are constructive on the shares due in part to two structural opportunities: the company’s further expansion into the B2B payments adjacency and the natural benefits of Generative AI unique to the company’s model.
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