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Fly News Breaks for April 11, 2019
INTU
Apr 11, 2019 | 08:13 EDT
Guggenheim analyst Ken Wong said he sees TurboTax Live having the potential to drive $5B of Consumer revenue in 2022 and $7B in 2025 for Intuit in an upside scenario. His test drive of Live and interaction with TurboTax representatives suggest demand is strong, noted Wong, who raised his price target on Intuit shares to $310 from $260, citing the "transformative potential" of TurboTax Live. He maintains a Buy rating on Intuit.
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