Intuit (INTU) ARPU Expansion Should Drive 11% Growth - Morgan Stanley

Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $720.00 price target on Intuit (NASDAQ: INTU) on the belief that the wider breadth of Tax solution offerings (Free to Live to Full Service) is reducing the number of early season filings and driving price increases. These two dynamics should enable ARPU expansion and sustain overall rev growth of ~11%.

The analyst stated "Total IRS return growth is an important lever in the consumer groups growth profile, but we see share gains and ARPU expansion offsetting weakness here and enabling 10%-11% YoY growth for FY2022, in line with guidance."

For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.

Shares of Intuit closed at $483.93 yesterday.

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