NEW YORK (TheStreet) -- Intuit's (INTU) - Get Report price target was raised to $110 from $109 and its "overweight" rating maintained at Barclays early Wednesday morning.

The firm adjusted its price target after the Mountain View, CA-based business and financial management solutions provider reported results for its fiscal 2016 third quarter that "exceeded consensus across revenue and adjusted earnings per share."

Intuit reported third quarter earnings of $3.43 per share, higher than analysts' expectations of earnings of $3.21 per share. The company reported that 2016 third quarter revenue rose by 8% year-over-year to $2.3 billion, above Wall Street estimates of $2.25 billion.

"We continue to view the risk/reward as attractive at current levels given the company's healthy balance of cash generative and growth products," Barclays stated.

Meanwhile, shares of Intuit are falling by 2.83% to $104.27 on Wednesday morning.

Separately, TheStreet Ratings rated Intuit as a "buy" with a score of B-.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon.

Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

This is driven by several positive factors, which TheStreet Ratings believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks that are covered.

The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in net income, expanding profit margins and growth in earnings per share.

TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: INTU

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