From Investing.com: 2024-06-13 11:55:04

Shares of Intuit rose over 4% after announcing price increases for QuickBooks products in F1Q25. Jefferies analysts view the move positively, expecting it to drive future revenue growth. Noting potential for higher revenue guidance in fiscal 2025, they reiterate a Buy rating and $770 price target for INTU stock. Price hikes will apply to most QBO and QBD products, with payroll services included. Jefferies sees the increases as a catalyst for exceeding current consensus revenue growth estimates for fiscal 2025. They believe the price hikes are justified and could lead to greater migration to QBO. The Small Business segment has shown consistent growth, with potential for higher revenue growth in fiscal 2025 due to recent price increases. Despite macroeconomic challenges, Jefferies remains optimistic about Intuit’s future growth prospects, citing its resilient segments and strong financials.



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