02:00 PM EDT, 05/23/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We reiterate our Buy recommendation on shares of INTU, and raise our 12-month target price to $823 from $708, based on a forward P/E of 36x our FY 26 (Jul.) EPS projection of $22.87, above its three-year average on stronger-than-anticipated growth, traction with newer solutions and premium services, and margin expansion. New product/service lines (e.g., Intuit Enterprise Suite, AI tools) have encouraged upgrades and higher proportions of paid customers, personalized customers' interactions, while internal AI use have contributed to stronger margins. The company is making progress in growing its mid-market category, even attracting customers to return to its platform, through product innovations and seamless integrations. We view the expected launch of AI Agents on the horizon with optimism in driving improved customer satisfaction and loyalty of its business platforms. We increase our FY 25 EPS projection to $20.13 from $19.37 and lift our FY 26 EPS forecast to $22.87 from $22.14.