Intuit (NASDAQ:INTU) Coverage Initiated by Analysts at Bank of America

Bank of America started coverage on shares of Intuit (NASDAQ:INTU) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating and a $400.00 price target on the software maker’s stock. Bank of America‘s target price suggests a potential upside of 28.57% from the company’s previous close.

Several other research firms have also weighed in on INTU. JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. TD Cowen reduced their target price on shares of Intuit from $576.00 to $504.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Mizuho dropped their price target on Intuit from $600.00 to $500.00 and set an “outperform” rating on the stock in a report on Tuesday. Susquehanna reduced their price objective on Intuit from $640.00 to $550.00 and set a “positive” rating for the company in a research note on Friday, May 22nd. Finally, Stifel Nicolaus cut their target price on Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $530.16.

Intuit Price Performance

INTU traded up $6.76 during trading on Wednesday, reaching $311.11. The stock had a trading volume of 1,567,214 shares, compared to its average volume of 3,967,719. The stock has a 50 day moving average of $398.54 and a two-hundred day moving average of $504.48. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $85.10 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.24 and a beta of 1.04. Intuit has a 1-year low of $300.50 and a 1-year high of $813.70.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities analysts anticipate that Intuit will post 17.49 EPS for the current fiscal year.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction on 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 sale, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Vasant M. Prabhu purchased 1,250 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $309.45 per share, for a total transaction of $386,812.50. Following the acquisition, the director directly owned 1,250 shares of the company’s stock, valued at $386,812.50. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Intuit in the 4th quarter valued at about $3,058,407,000. Arrowstreet Capital Limited Partnership grew its position in Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock valued at $1,684,795,000 after purchasing an additional 1,972,719 shares in the last quarter. Alliancebernstein L.P. grew its position in Intuit by 183.8% during the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after purchasing an additional 1,295,199 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new position in Intuit in the 1st quarter valued at approximately $785,564,000. Finally, Vanguard Group Inc. lifted its position in Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after buying an additional 914,024 shares in the last quarter. 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: Director Vasant M. Prabhu bought a total of 1,750 shares in two recent transactions, signaling insider confidence after the sharp selloff. SEC Form 4 filing
• Positive Sentiment: Several analysts and market commentators continue to point to Intuit’s long-term growth drivers, including TurboTax Live, assisted tax services, and AI-related product expansion. Yahoo Finance article
• Positive Sentiment: Some coverage argues the recent pullback may have created a value opportunity, with one analyst still seeing substantial upside from current levels. TipRanks article
• Neutral Sentiment: Multiple recent articles remain broadly constructive on INTU’s valuation and growth profile, but they do not add a new operational catalyst. Zacks article
• Negative Sentiment: Investor concern is centered on Intuit’s pricing issues, which have led to securities-fraud investigations and likely pressured the stock. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed mass-layoff notices in California and Nevada, reinforcing worries that the company is restructuring aggressively while pivoting toward AI. AOL article
• Negative Sentiment: Several brokerage firms cut price targets after the recent earnings-related selloff, reflecting lowered near-term expectations. StockTwits/MarketBeat article

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.