Intuit (INTU, Financial) has received an upgrade from HSBC, with analyst Stephen Bersey raising the company's rating to 'Buy' from 'Hold'. The price target remains steady at $699. This optimistic stance comes as Intuit predominantly generates 90% of its revenue from the United States, which allows the company to remain largely unaffected by international tariffs.
HSBC's assessment suggests that Intuit's current valuation presents a compelling investment opportunity. The company's strong business profile and performance metrics contribute to the positive outlook. Investors may find the stock appealing considering its resilience and market foothold.
