Will This Price Target Increase Help Intuit (INTU) Stock Today?

NEW YORK (TheStreet) -- Barclays increased its price target on Intuit  (INTU) to $90. The firm said acceleration into online business through 2017 should fuel top line growth.

The stock closed at $85.81 on Thursday.

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Separately, TheStreet Ratings team rates INTUIT INC as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate INTUIT INC (INTU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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

INTU Chart INTU data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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