Oppenheimer Cuts Intuit (NASDAQ:INTU) Price Target to $380.00

Intuit (NASDAQ:INTU) had its target price decreased by equities researchers at Oppenheimer from $406.00 to $380.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective would indicate a potential upside of 6.31% from the stock’s current price.

INTU has been the subject of several other reports. Mizuho dropped their target price on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating for the company in a research report on Monday, August 17th. Freedom Capital cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Argus lowered their price objective on shares of Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. HSBC reduced their target price on Intuit from $897.00 to $707.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Finally, BNP Paribas Exane decreased their price target on Intuit from $463.00 to $315.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Twenty equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $446.39.

Intuit Stock Down 3.4%

INTU opened at $357.46 on Wednesday. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The company has a market capitalization of $97.78 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.16 and a beta of 0.97. The stock has a fifty day moving average of $302.38 and a 200-day moving average of $357.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45.

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

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $279.86, for a total value of $94,592.68. Following the completion of the transaction, the director owned 12,326 shares of the company’s stock, valued at $3,449,554.36. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Joseph Group Capital Management bought a new position in shares of Intuit during the fourth quarter valued at $25,000. Fiduciary Financial Advisors bought a new stake in shares of Intuit in the second quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit in the fourth quarter valued at $25,000. Osbon Capital Management LLC bought a new position in Intuit during the 2nd quarter worth $26,000. Finally, MidFirst Bank bought a new position in Intuit during the 2nd quarter worth $28,000. Institutional investors own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted earnings of $4.03 per share also exceeded expectations of approximately $3.58, while fiscal 2026 revenue reached $21.45 billion. Intuit fiscal fourth-quarter earnings report
• Positive Sentiment: The board approved a quarterly dividend of $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder returns and potential support for earnings per share. Intuit dividend announcement
• Neutral Sentiment: Management said it is prioritizing customer acquisition and market-share gains, including a better price-value proposition, which could support longer-term growth but may reduce near-term revenue and margins.
• Neutral Sentiment: Intuit highlighted adoption of its AI tools, with 75% of enterprise customers reportedly using AI agents monthly. However, management also acknowledged growing AI competition, making the technology strategy an important execution risk. Intuit AI customer adoption
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies slower growth of roughly 9% to 10%, below Wall Street expectations. Adjusted EPS guidance of $22.88 to $23.12 also fell well short of the supplied consensus estimate of $26.04; first-quarter guidance was similarly below expectations. Reuters report on Intuit’s annual forecast
• Negative Sentiment: Cost-conscious customers are leaving TurboTax because of pricing, while TurboTax revenue grew only 3% in the quarter. The CEO said Intuit is working on lower-cost offerings, but that strategy could pressure near-term sales. MarketWatch report on TurboTax pricing
• Negative Sentiment: Mailchimp is being reported as a separately disclosed business with an outlook for zero growth, adding to concerns about Intuit’s slowing expansion and competitive position. Multiple law firms have also announced securities lawsuits tied to alleged disclosures about TurboTax, AI growth and competitive risks, creating an additional overhang.

About Intuit

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.