Barclays Cuts Intuit (NASDAQ:INTU) Price Target to $540.00

Intuit (NASDAQ:INTU) had its target price decreased by Barclays from $785.00 to $540.00 in a report released on Monday morning,MarketScreener reports. Barclays currently has an overweight rating on the software maker’s stock.

Several other research firms also recently weighed in on INTU. The Goldman Sachs Group began coverage on shares of Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective on the stock. Wolfe Research decreased their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Oppenheimer lowered their target price on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a report on Tuesday, February 3rd. BNP Paribas Exane cut their price target on Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research note on Monday. Finally, Truist Financial initiated coverage on Intuit in a report on Tuesday, January 6th. They set a “buy” rating and a $739.00 price objective for the company. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $726.18.

Intuit Price Performance

Shares of NASDAQ:INTU opened at $381.23 on Monday. Intuit has a twelve month low of $349.00 and a twelve month high of $813.70. The stock’s 50 day moving average is $536.83 and its 200-day moving average is $621.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $106.08 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.47 and a beta of 1.24.

Insider Activity

In other Intuit news, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $629.46, for a total transaction of $840,329.10. Following the transaction, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 388,464 shares of company stock worth $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Several large investors have recently made changes to their positions in the business. Tortoise Investment Management LLC grew its position in Intuit by 540.0% during the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit during the 4th quarter valued at about $25,000. Joseph Group Capital Management purchased a new position in shares of Intuit during the fourth quarter worth about $25,000. Westside Investment Management Inc. grew its holdings in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after purchasing an additional 21 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Intuit in the second quarter worth approximately $28,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Announced a multi‑year partnership with Anthropic to build customizable AI agents for QuickBooks/TurboTax and to surface Intuit’s financial models inside Anthropic products — this reassures investors that Intuit is leaning into AI as a capability enhancer (boost to product moat and revenue optionality). Read More.
• Positive Sentiment: Analyst reaction: William Blair and other voices highlighted the Anthropic tie as strengthening Intuit’s AI roadmap and competitive moat, helping underpin buy ratings and bullish commentary. Read More.
• Neutral Sentiment: Upcoming earnings: Intuit is set to report soon; previews expect continued double‑digit revenue growth across QuickBooks, TurboTax and Credit Karma, but results/outlook will be a key near‑term catalyst. Read More.
• Neutral Sentiment: Sector context: software names remain under pressure as investors sort winners vs. losers in the AI cycle — this creates volatility but also narrative support for well‑positioned names like Intuit. Read More.
• Negative Sentiment: Analyst downside pressure: Wells Fargo trimmed its price target sharply (from $700 to $425) and other firms issued cautious forecasts — these downgrades increase near‑term selling risk despite the Anthropic news. Read More.
• Negative Sentiment: Short interest jumped ~40% month‑over‑month to ~8.3M shares (~3.1% of float), raising the potential for continued downward pressure or volatility if sentiment reverses — days‑to‑cover remains modest (~1.7 days), so squeezes are possible but limited.
• Negative Sentiment: Shares recently hit a 52‑week low amid the sector selloff, reflecting persistent investor anxiety that could limit upside until earnings and early Anthropic integrations show traction. Read More.

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.