UPDATE: Oppenheimer Reiterates Outperform Rating, Raises PT on Intuit Inc. on Strong F2Q15 Results

In a report published Friday, Oppenheimer analyst Scott Schneeberger reiterated an Outperform rating on

, and raised the price target from $98.00 to $100.00. In the report, Oppenheimer noted, "INTU delivered strong F2Q15 results via QuickBooks Online (QBO) subscribers +50% y/y, with FY15 guidance increasing to 975k-1M from 925k-950k. QuickBooks total paying customers grew 20% y/y. Furthermore, despite widely reported Desktop Tax pricing missteps/fraudsters using TurboTax, TurboTax volume growth YTD through mid-February was a sturdy +11.5% y/y. This early tax season volume/sound segment revenue per return afforded INTU the confidence to reiterate 5-7% FY15 TurboTax revenue growth (reiterated segment volume>revenue). With F2Q15 adj'd EPS of ($0.06) topping consensus of ($0.13)/INTU registering strength across key metrics, its near- and long-term stories are trending well. Reiterating Outperform, our PT increases from $98 to $100." Intuit Inc. closed on Thursday at $91.11.