Why Intuit's Stock Is Trading Higher Today

Intuit INTU shares are trading higher on Monday after KeyBanc maintained an Overweight rating and raised its price target from $315 to $350.

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

Intuit shares were trading up 2.82% at $331.31 on Monday during the time of publication. The stock has a 52-week high of $334.15 and a 52-week low of $187.86.