Intuit price target raised to $760 from $700 at BMO Capital

BMO Capital raised the firm’s price target on Intuit to $760 from $700 and keeps an Outperform rating on the shares. Intuit announced solid FY25 guidance with low-teens revenue and EPS growth that was at least in line with expectations, while shifting more of the longer-term growth burden to the QuickBooks franchise with cuts to the growth view on Credit Karma and TurboTax, the analyst tells investors in a research note. The reset amid supportive price/mix strength in Small Business can ease some of the broader pain though the cuts are temporarily disappointing, BMO acknowledges.