KeyBanc on Intuit (INTU): 'We're Constructive on Growth'

KeyBanc analyst Alex Markgraff reiterated an Overweight rating and $825.00 price target on Intuit (NASDAQ: INTU).7

The analyst commented: "20% Revenue Growth? That'd Be Nice; Intuit hosted its annual investor day today showcasing AI benefits/opportunities and progress with QBO mid-mkt and TT Live efforts. Perhaps the most important takeaway from the event was the goal to reaccelerate revenue growth to 20% by 2030 with support from 40%+ QBO mid-mkt and TT Live growth. We'll probably spend the next several quarters debating the achievability of this goal and implications for the rest of the business, but mgmt confidence in these drivers should be well received. We're constructive on growth and view Intuit as an underappreciated AI beneficiary. Reiterate OW."

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Shares of Intuit closed at $674.96 yesterday.

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