Jefferies Sees Credit Karma Driving Potential Upside for Intuit Inc. (INTU)

Group 1 - Jefferies has lowered its price target for Intuit Inc. (INTU) to $650 from $850 while maintaining a Buy rating, anticipating solid results in fiscal Q2 despite a "seasonally light" period [1] - The potential upside for Intuit is driven by Credit Karma, with favorable momentum among card issuers [1] - Intuit has introduced a major update to its Consumer Group with the TurboTax "Done-For-You" experience, utilizing Agentic AI for about 90% of standard tax form data entry [2] Group 2 - The new TurboTax experience is supported by nearly 600 Expert Offices and 20 new immersive stores, enhancing customer service [2] - A partnership with Uber Advertising will offer consumers a complimentary ride up to $25 to visit local tax experts, improving accessibility [3] - The program aims to streamline tax preparation, eliminate obstacles, and provide a more effective, individualized, and secure experience for filers [3] Group 3 - Intuit Inc. provides financial, accounting, and tax software solutions, including QuickBooks, TurboTax, and Mint, helping individuals and businesses manage finances efficiently [4]