Intuit (NASDAQ:INTU) Rating Increased to Buy at Rothschild & Co Redburn

Intuit (NASDAQ:INTU) Rating Increased to Buy at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Intuit (NASDAQ:INTU – Free Report) from a neutral rating to a buy rating in a research report released on Tuesday morning, Marketbeat Ratings reports. They currently have $700.00 price objective on the software maker’s stock, up from their prior price objective of $670.00. A number of other research firms have also recently weighed in on INTU. Northcoast Research raised shares of Intuit from a “neutral”…

Why Intuit Inc Stock Fell Despite a Fresh Upgrade as Tax Season Heats Up

Intuit shares dropped 3.9% Tuesday to about $455 despite a Redburn upgrade and a price target hike to $700. The company forecast third-quarter adjusted earnings below estimates due to higher spending ahead of tax season. January-quarter revenue rose 17% to $4.65 billion. Intuit said over 3 million customers now use its AI agents following a new partnership with Anthropic. The post Why Intuit Inc Stock Fell Despite a Fresh Upgrade as Tax Season H…