Intuit Sees AI-Driven Growth With TurboTax, Credit Karma: Analyst Raises Price Forecast
1. Piper Sandler raises INTU price target from $765 to $785. 2. INTU reports Q2 revenues of $3.96 billion, exceeding expectations by $120 million. 3. Credit Karma growth at 36%, contributing to overall revenue increases. 4. AI-driven initiatives have improved user interface and reduced support contact by 20%. 5. INTU stock rose 12.74% to $626.43 after positive earnings report.