Intuit (NASDAQ:INTU) Shares Gap Up – Here’s What Happened

Posted by Geri Gentry on Aug 18th, 2026

Shares of Intuit Inc. (NASDAQ:INTU – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $335.60, but opened at $348.01. Intuit shares last traded at $353.7140, with a volume of 454,391 shares.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Analyst still sees upside: Mizuho lowered its price target from $500 to $430 but maintained an “outperform” rating, implying substantial potential upside from recent levels. Mizuho Intuit Price Target
Positive Sentiment: Mid-market opportunity remains a longer-term support: Analysts point to a potential nearly $90 billion market, with growth in Intuit’s advanced products and QuickBooks offerings helping offset pressure in its do-it-yourself tax business. Intuit Mid-Market Opportunity
Neutral Sentiment: Earnings are the next major catalyst: Intuit is scheduled to announce quarterly results, where investors will focus on revenue growth, TurboTax trends, QuickBooks momentum, and the effect of artificial intelligence on its tax and accounting products. Intuit Earnings Announcement
Negative Sentiment: Legal overhang is weighing on sentiment: Several law firms publicized a securities class-action lawsuit and a September 8 deadline for investors to seek lead-plaintiff status. The allegations involve potentially misleading statements about TurboTax growth and competitive risks from generative artificial intelligence; the claims have not been proven. Intuit Class Action Lawsuit
Negative Sentiment: More conservative growth assumptions: TD Cowen maintained a “hold” view, citing the possibility that Intuit may reset growth targets as monetization expectations become less aggressive. This adds pressure after the stock’s recent pullback. TD Cowen Intuit Rating

Analyst Ratings Changes

A number of research firms have weighed in on INTU. Evercore reiterated an “outperform” rating on shares of Intuit in a report on Tuesday. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. UBS Group restated a “neutral” rating on shares of Intuit in a research report on Tuesday. Weiss Ratings cut Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group downgraded Intuit from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $519.00 to $276.00 in a report on Tuesday, June 2nd. Twenty equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Intuit currently has a consensus rating of “Moderate Buy” and a consensus price target of $454.65.

Read Our Latest Research Report on INTU

Intuit Price Performance

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The company has a market cap of $95.84 billion, a PE ratio of 21.16, a P/E/G ratio of 1.09 and a beta of 0.97. The firm has a 50 day moving average of $292.88 and a two-hundred day moving average of $363.19.

Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Research analysts predict that Intuit Inc. will post 18.18 earnings per share for the current fiscal year.

Insider Transactions at Intuit

In other news, Director Vasant M. Prabhu bought 500 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $309.71 per share, with a total value of $154,855.00. Following the completion of the acquisition, the director owned 1,750 shares of the company’s stock, valued at approximately $541,992.50. This represents a 40.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total transaction of $74,498.88. Following the completion of the transaction, the director owned 11,758 shares in the company, valued at approximately $3,084,358.56. This represents a 2.36% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rakuten Investment Management Inc. lifted its holdings in shares of Intuit by 522.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker’s stock valued at $34,852,000 after buying an additional 43,389 shares during the period. Bank of New York Mellon Corp increased its position in Intuit by 20.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker’s stock valued at $1,848,954,000 after acquiring an additional 471,451 shares during the last quarter. Vestcor Inc lifted its holdings in Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker’s stock valued at $13,723,000 after acquiring an additional 9,148 shares during the period. Janney Montgomery Scott LLC boosted its position in Intuit by 119.5% in the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker’s stock worth $37,452,000 after purchasing an additional 47,148 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Intuit by 13.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker’s stock valued at $39,728,000 after purchasing an additional 6,999 shares during the period. 83.66% of the stock is owned by institutional investors.

Intuit Company Profile

(Get Free Report)

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.