Intuit (NASDAQ:INTU) Downgraded to Hold Rating by Freedom Capital

Posted by Nicole Kennedy on May 23rd, 2026

Intuit (NASDAQ:INTU – Get Free Report) was downgraded by research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts also recently commented on INTU. UBS Group dropped their price objective on shares of Intuit from $440.00 to $360.00 and set a “neutral” rating for the company in a research note on Thursday. Wolfe Research reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Intuit in a research note on Thursday. Erste Group Bank raised shares of Intuit to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Evercore dropped their price objective on shares of Intuit from $540.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday. Twenty-four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and a consensus price target of $546.29.

View Our Latest Analysis on INTU

Intuit Stock Up 4.2%

Shares of NASDAQ:INTU opened at $319.94 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.26. The firm has a market cap of $87.52 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.23 and a beta of 1.04. The stock’s 50-day moving average price is $403.55 and its two-hundred day moving average price is $510.51. Intuit has a 12-month low of $302.36 and a 12-month high of $813.70.

Intuit (NASDAQ:INTU – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. During the same quarter in the prior year, the company posted $11.65 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. On average, research analysts forecast that Intuit will post 17.44 EPS for the current year.

Insider Buying and Selling

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares of the company’s stock, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of INTU. Joseph Group Capital Management acquired a new stake in shares of Intuit during the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of Intuit during the 4th quarter worth approximately $25,000. HHM Wealth Advisors LLC raised its position in shares of Intuit by 75.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after purchasing an additional 30 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Intuit during the 1st quarter worth approximately $30,000. Finally, MTM Investment Management LLC raised its position in shares of Intuit by 135.0% during the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after purchasing an additional 27 shares during the period. Institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

Positive Sentiment: Intuit reported fiscal Q3 results that beat estimates on both revenue and earnings, raised full-year guidance, and highlighted strength in TurboTax, Credit Karma, QuickBooks Online, and other growth engines. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
Positive Sentiment: Several analysts still maintained bullish ratings even after lowering price targets, suggesting Street sentiment remains constructive on Intuit’s long-term growth profile. TD Cowen Adjusts Price Target on Intuit
Positive Sentiment: Coverage also pointed to improving customer spending and “flywheel” benefits from broader adoption across Intuit’s product suite, which supports the AI and platform expansion narrative. Intuit customers spending more as it improves experiences across brands

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.