RBC Capital analyst Rishi Jaluria keeps an Outperform rating and $760 price target on Intuit ahead of its Investor Day presentation on September 26th. Following decent Q4 results but a mixed reset of long-term growth targets, the stock has underperformed the software ETF IGV by 7%, and the company’s management should unpack the recent target adjustments, detail the opportunity with recent enterprise suite offerings, and outline Intuit’s gen-AI monetization strategy, the analyst tells investors in a research note. Investors may currently underappreciate Intuit’s position to monetize gen-AI, and the Investor Day event could serve as a “positive catalyst” for the company.
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