Intuit (NASDAQ:INTU – Get Free Report) had its price target reduced by stock analysts at Wells Fargo & Company from $425.00 to $360.00 in a report issued on Thursday, MarketBeat reports. The firm presently has an “equal weight” rating on the software maker’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 6.23% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating and issued a $550.00 price target (down from $650.00) on shares of Intuit in a research note on Thursday. Weiss Ratings downgraded shares of Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Stifel Nicolaus set a $375.00 target price on shares of Intuit and gave the company a “buy” rating in a research report on Thursday. Argus reduced their price target on shares of Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, UBS Group decreased their price target on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus price target of $582.32.
Check Out Our Latest Report on Intuit
Intuit Price Performance
Intuit (NASDAQ:INTU – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.Intuit’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.65 earnings per share. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Sell-side analysts predict that Intuit will post 17.44 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following the transaction, the director directly owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.49% of the stock is owned by company insiders.
Institutional Investors Weigh In On Intuit
Several hedge funds and other institutional investors have recently made changes to their positions in INTU. Norges Bank purchased a new stake in shares of Intuit in the fourth quarter valued at about $3,058,407,000. Arrowstreet Capital Limited Partnership raised its stake in Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares during the period. Alliancebernstein L.P. boosted its holdings in Intuit by 183.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit in the 1st quarter valued at about $785,564,000. Finally, Vanguard Group Inc. grew its stake in shares of Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.
Intuit News Roundup
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit delivered stronger-than-expected fiscal Q3 results, with EPS of $12.80 and revenue of $8.56 billion, both slightly ahead of Wall Street estimates. The company also raised FY 2026 and Q4 guidance, signaling continued demand and healthy operating momentum. Article Title
- Positive Sentiment: Management said it will continue investing in AI and “big bets,” and the board approved an $8 billion buyback plus a 15% dividend increase, which supports shareholder returns and suggests confidence in cash flow. Article Title
- Neutral Sentiment: Broader tech trading was mixed, with market futures and Nasdaq sentiment pressured by Nvidia-related moves, which may be adding some macro noise around INTU’s post-earnings reaction. Article Title
- Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, in a restructuring tied to AI investment. Investors are reacting negatively to the execution risk, restructuring charges, and the signal that management sees a need to aggressively reset the cost base. Article Title
- Negative Sentiment: The company also trimmed TurboTax revenue guidance, raising concerns about slower growth in a key business line and fueling fears that AI disruption could pressure legacy tax-prep demand. Article Title
About Intuit
Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
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