BMO Capital keeps an Outperform rating and $760 price target on Intuit (INTU) after its Q1 earnings beat. The company’s results were generally solid, with online ecosystem growth upside and significant strength in Credit Karma being partially offset by some timing issues for Consumer revenues and more aggressive marketing spend in Q2 guidance, the analyst tells investors in a research note. Evidence of better performance in Consumer tax as the season unfolds, execution on the middle-market strategy in QuickBooks, and improved macro sentiment for small business in FY25 are all potential positive catalysts over the next few quarters, BMO added.
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Read More on INTU:
- Intuit price target raised to $722 from $712 at Oppenheimer
- Stifel lowers Intuit price target to $725, would be buyer on weakness
- Intuit price target raised to $730 from $685 at Morgan Stanley
- Intuit price target lowered to $765 from $768 at Piper Sandler
- Intuit price target raised to $800 from $790 at Jefferies
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