Intuit's Credit Karma Revenue Drove Outperformance in Fiscal Q3, RBC Says
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Intuit reported strong fiscal Q3 results, driven by $115 million in Credit Karma revenue exceeding expectations, according to RBC Capital Markets. The Consumer segment also outperformed by $53 million. TurboTax Live customers grew by 24%, with revenue up 47% due to effective tax strategies. RBC raised Intuit's price target to $850 from $760, maintaining an outperform rating, as shares rose over 8% recently.
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