Jefferies Raises Price Target for Intuit on Strong Growth Prospects

Published 11 hours agoINTU

Jefferies has recently increased its price target for Intuit Inc. from $790 to $800, while maintaining a 'Buy' rating. This change reflects optimism in Intuit's financial performance and strategic direction, as observed by analyst Brent Thill.

Intuit's fiscal year 2024 results bolster Jefferies' confidence, with a reported 13.3% revenue increase and an operating margin of 39.3%, showing a 100 basis point improvement. According to Investing.com, the company has projected a growth of 12-13% for fiscal year 2025, along with an estimated 60 basis points in operating margin expansion.

Jefferies' analysis suggests that Intuit's history of conservative targets often leads to performance that exceeds initial expectations, adding potential upside to their projections. This confidence in Intuit's steady growth signals robust strategies aimed at maintaining and improving its financial health.

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