Intuit Under-performance Has Stemmed From Valuation Reset, Analyst Upgrades Stock

JP Morgan analyst Mark Murphy upgraded Intuit Inc INTU from Neutral to Overweight and raised the price target from $640 to$660.Murphy maintained his view of Intuit as a dependable, innovative, and scaled cloud platform that serves consumers, self-employed, small businesses, and mid-market customers while serving as a good steward of capital. The analyst noted stable-to-positive trending across Intuit's core businesses.Also Read: Intuit Sees AI-Driven Growth With TurboTax, Credit Karma: Analyst Raises Price ...