Intuit (NASDAQ:INTU) Price Target Lowered to $550.00 at BMO Capital Markets

Intuit (NASDAQ:INTU) had its price objective cut by equities research analysts at BMO Capital Markets from $624.00 to $550.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 39.45% from the company’s current price.

INTU has been the subject of several other reports. UBS Group set a $739.00 target price on Intuit in a research report on Tuesday, January 6th. Jefferies Financial Group set a $650.00 price target on shares of Intuit in a research note on Sunday. Wells Fargo & Company reduced their price target on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings cut shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Finally, Oppenheimer cut their price target on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research report on Tuesday, February 3rd. Twenty-two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $723.54.

Intuit Stock Up 3.5%

Shares of NASDAQ INTU opened at $394.42 on Friday. The firm has a market cap of $109.76 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Intuit has a 1 year low of $349.00 and a 1 year high of $813.70. The company has a 50 day simple moving average of $531.35 and a 200 day simple moving average of $620.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same period in the previous year, the business earned $3.32 EPS. The firm’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, research analysts forecast that Intuit will post 14.09 EPS for the current year.

Insider Activity at Intuit

In related news, Director Scott D. Cook sold 1,402 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the transaction, the director owned 5,668,182 shares in the company, valued at $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $629.46, for a total transaction of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares of the company’s stock, valued at approximately $337,390.56. The trade was a 71.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 388,464 shares of company stock worth $255,514,393. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuit

Several large investors have recently made changes to their positions in the business. Telos Capital Management Inc. grew its holdings in shares of Intuit by 2.6% in the second quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock worth $461,000 after acquiring an additional 15 shares during the period. Mcrae Capital Management Inc. raised its holdings in Intuit by 0.7% in the 2nd quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock worth $1,723,000 after purchasing an additional 15 shares during the period. Fort Sheridan Advisors LLC grew its holdings in Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock valued at $569,000 after purchasing an additional 15 shares during the period. BetterWealth LLC raised its stake in shares of Intuit by 3.8% in the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock worth $281,000 after buying an additional 15 shares during the period. Finally, Sachetta LLC grew its stake in shares of Intuit by 23.8% during the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after acquiring an additional 15 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beat — Intuit reported $4.15 EPS and $4.65B revenue (both above consensus), with revenue up ~17% year‑over‑year; the quarter shows continued growth and margin strength. MarketBeat: Q2 results
• Positive Sentiment: AI partnership & CEO messaging — Management emphasized Anthropic and other AI collaborations as strategic tailwinds and said domain‑specific AI will augment Intuit’s products rather than displace them, which supports the company’s long‑term narrative. Yahoo: Anthropic deal & valuation
• Positive Sentiment: Board dividend — The board declared a cash dividend, signaling confidence in cash flow and returning capital to shareholders. TipRanks: Dividend announcement
• Neutral Sentiment: Market framing — Some analysts and research pieces argue Intuit is a long‑term AI “winner” with strong switching costs (alleviating some fear around AI disruption), but sentiment remains mixed across the sell side. MarketBeat/Altimetry: software winners vs losers
• Negative Sentiment: Soft Q3 guidance — Management set FQ3 EPS guidance below Street expectations (Q3 EPS range ~12.45–12.51 vs higher consensus) and warned of higher marketing spend for the U.S. tax season, which directly pressured the stock despite the quarterly beat. Seeking Alpha: Guidance reaction
• Negative Sentiment: After‑hours pullback and headlines — Multiple outlets report the shares slid after hours and into the next session as investors reacted to the weaker outlook and marketing cost commentary. Blockonomi: stock tumbles on guidance
• Negative Sentiment: Rising short interest & analyst caution — Short interest ticked up (~40% increase month‑over‑month) and some firms have trimmed targets or expressed caution, adding pressure to near‑term sentiment. Barchart: short interest & performance
• Negative Sentiment: Regulatory risk — A proposed bill to revive IRS Direct File (led by Sen. Warren) highlights long‑term regulatory risk to commercial tax‑prep revenues; this is a political/regulatory overhang to monitor. Benzinga: Direct File bill

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.