UPDATE: Deutsche Bank Reiterates on Intuit Following Solid Revenue/EPS Report

In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Intuit INTU, and raised the price target from $65.00 to $68.00. In the report, Deutsche Bank noted, “INTU reported revenue/EPS of $622m/($0.06) vs. our $600m/($0.10) and Street estimate of $603m/($0.10). Outperformance came from higher than expected momentum in small business, and some upside in Tax, from late filers. The new QB Online product had a modest contribution as it was made available to new subscribers towards the end of the quarter, but initial acceptance seems to be positive.” Intuit closed on Thursday at $73.16.