Intuit price target raised to $730 from $685 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Intuit (INTU) to $730 from $685 and keeps an Equal Weight rating on the shares. Overall revenues came in about 4% ahead of consensus, but 77% of the upside came from a sharp acceleration in Credit Karma, notes the analyst. Given a weaker than expected Q2 outlook and FY25 guidance that was left unchanged, “this debated stock likely remains debated,” the analyst tells investors.