INTU - Intuit Assist Poised To Boost Competitive Moat Gets A Price Target Boost From Analysts | Benzinga
A couple of analysts raised the price target on Intuit Inc (NASDAQ: INTU) following its 'Intuit Innovation Day' yesterday.
The company launched Intuit Assist, its new GenAI-powered assistant ingrained across all major business segments, including QuickBooks, Mailchimp, TurboTax, and Credit Karma.
BMO Capital Markets analyst Daniel Jester raised the price target to $605 from $560 and maintained an Outperform rating.
The analyst sees Intuit as well-positioned to leverage generative AI and machine learning aggressively and thinks launching Intuit Assist can boost the innovation trajectory.
Jester believes the launch of Intuit Assist can offer domain-specific Generative AI assistant features built on ...