Intuit (NASDAQ:INTU) Price Target Cut to $300.00 by Analysts at Truist Financial

Intuit (NASDAQ:INTU) had its price objective decreased by stock analysts at Truist Financial from $350.00 to $300.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the software maker’s stock. Truist Financial’s target price indicates a potential downside of 12.32% from the company’s current price.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Intuit from a “buy” rating to a “neutral” rating and set a $360.00 price objective for the company. in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Susquehanna set a $415.00 target price on shares of Intuit in a report on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of Intuit in a report on Wednesday. Finally, HSBC dropped their price objective on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuit presently has an average rating of “Hold” and a consensus price target of $435.06.

Intuit Trading Down 4.3%

NASDAQ INTU traded down $15.29 during trading hours on Wednesday, reaching $342.17. The company’s stock had a trading volume of 5,186,048 shares, compared to its average volume of 4,353,674. The firm has a fifty day simple moving average of $302.38 and a 200-day simple moving average of $357.99. The stock has a market cap of $93.60 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.16 and a beta of 0.97. Intuit has a 52 week low of $252.84 and a 52 week high of $705.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45.

Intuit (NASDAQ:INTU) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Equities analysts forecast that Intuit will post 18.19 earnings per share for the current fiscal year.

Insider Activity at Intuit

In other news, 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 transaction, the director directly owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 in the last ninety days. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. XXEC Inc. bought a new stake in Intuit during the 2nd quarter worth approximately $436,740,000. California State Teachers Retirement System boosted its position in shares of Intuit by 25,506.0% during the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock valued at $28,277,368,000 after buying an additional 107,919,292 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Intuit during the second quarter valued at approximately $6,851,859,000. Corient Private Wealth LP bought a new stake in Intuit during the second quarter worth $40,545,000. Finally, Norges Bank purchased a new stake in Intuit in the 4th quarter valued at $3,058,407,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fourth-quarter revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations of approximately $3.58. Fiscal 2026 revenue reached $21.45 billion, while the company repurchased $5.5 billion of stock and approved a quarterly dividend of $1.38 per share. Intuit earnings results
• Positive Sentiment: Management said roughly 75% of enterprise customers use Intuit’s AI agents monthly, supporting the company’s strategy to expand Intuit Intelligence across QuickBooks and other products. Analysts remain divided, with Oppenheimer maintaining an “outperform” rating despite lowering its price target to $380. Intuit AI adoption
• Neutral Sentiment: Intuit’s fiscal 2027 revenue forecast of $23.28 billion to $23.51 billion implies approximately 9% to 10% growth, below the roughly $23.7 billion analyst consensus and the company’s 14% fiscal 2026 growth rate. Management described the slowdown as a deliberate “reset to reaccelerate” customer growth and gain market share.
• Neutral Sentiment: Analyst sentiment is mixed: Piper Sandler raised its target to $290 but kept an “underweight” rating, while Oppenheimer cut its target to $380 but retained “outperform.” This highlights uncertainty over Intuit’s growth trajectory and valuation. Analyst price target updates
• Negative Sentiment: The main catalyst for the decline is fiscal 2027 guidance: adjusted EPS guidance of $22.88 to $23.12 is well below the approximately $26.04 consensus, while first-quarter guidance also trails estimates. Intuit expects investments in customer acquisition, potentially lower pricing and market-share gains to weigh on near-term revenue and margins. Intuit annual forecast
• Negative Sentiment: TurboTax customer losses tied to pricing, heightened AI competition and expectations for zero growth at Mailchimp raise concerns about Intuit’s consumer-tax franchise and broader growth foundation. TurboTax customer losses
• Negative Sentiment: Several law firms have publicized securities class actions alleging that Intuit misrepresented TurboTax momentum, pricing pressures or AI-related risks. The September 8 lead-plaintiff deadline creates a legal overhang, although the allegations have not been proven. Intuit securities class action

Intuit Company Profile

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.