Rothschild & Co Redburn upgraded Intuit Inc. (INTU) to Buy from Neutral on Tuesday. The firm raised its price target for the financial software provider to $700 from $670.
Intuit recently reported second-quarter fiscal 2026 earnings and revenue that exceeded analyst estimates. Growth in the company's online ecosystem and strategic AI initiatives fueled the financial performance.
Intuit shares opened at $473.67 on Tuesday morning. The upgrade follows a period of mixed analyst sentiment where some firms lowered price targets in late February and early March.