Royal Bank Of Canada Reiterates Outperform Rating for Intuit (NASDAQ:INTU)

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued on Friday, Benzinga reports. They presently have a $385.00 price objective on the software maker’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 26.40% from the stock’s current price.

Other analysts also recently issued reports about the company. TD Cowen reaffirmed a “buy” rating on shares of Intuit in a research report on Tuesday, August 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Intuit in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Morgan Stanley decreased their target price on Intuit from $335.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 26th. Finally, Susquehanna lowered their target price on Intuit from $427.00 to $415.00 and set a “positive” rating on the stock in a research note on Wednesday, August 26th. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit presently has an average rating of “Hold” and an average price target of $430.97.

Intuit Stock Down 2.7%

Intuit stock opened at $304.58 on Friday. Intuit has a fifty-two week low of $252.84 and a fifty-two week high of $705.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s 50-day simple moving average is $324.95 and its 200 day simple moving average is $350.30. The stock has a market cap of $81.40 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 0.91 and a beta of 0.98.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business posted $2.75 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Research analysts predict that Intuit will post 23.49 EPS for the current fiscal year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 285 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $325.36, for a total value of $92,727.60. Following the sale, the director directly owned 11,531 shares in the company, valued at $3,751,726.16. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $346.54, for a total value of $314,311.78. Following the transaction, the chief accounting officer directly owned 1,628 shares in the company, valued at $564,167.12. This represents a 35.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,476 shares of company stock valued at $481,538. 2.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

Several large investors have recently added to or reduced their stakes in the company. XXEC Inc. purchased a new position in shares of Intuit in the second quarter worth $436,740,000. BlackRock Inc. purchased a new stake in shares of Intuit during the second quarter valued at $6,851,859,000. State Street Corp increased its holdings in Intuit by 1.4% in the 4th quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock worth $8,653,092,000 after buying an additional 180,069 shares in the last quarter. Corient Private Wealth LP purchased a new position in Intuit in the 2nd quarter worth about $40,545,000. Finally, Geode Capital Management LLC raised its position in Intuit by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker’s stock worth $4,369,488,000 after buying an additional 87,451 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit hosted its Investor Day and reaffirmed first-quarter and fiscal 2027 guidance, including previously issued targets of $2.44–$2.48 in first-quarter EPS and $22.88–$23.12 in fiscal 2027 EPS. The confirmation reduces the risk of a near-term guidance cut. Intuit Hosts Investor Day, Reaffirms First-Quarter and Fiscal 2027 Guidance
• Positive Sentiment: QuickBooks Free and Lite are expanding Intuit’s customer funnel as online customer growth slows, while payments could provide an additional monetization opportunity over time. The strategy may support longer-term customer acquisition, although near-term revenue benefits remain uncertain. Intuit’s QuickBooks Free Push: Can This Lift Customer Growth?
• Positive Sentiment: Solera expanded its Qapter integration with QuickBooks Online, helping collision-repair businesses transfer estimate details directly into accounting workflows. The partnership strengthens QuickBooks’ ecosystem and product utility, though its financial impact is likely modest in the near term. Qapter and Intuit QuickBooks Online Integration
• Neutral Sentiment: Intuit has attracted unusually high investor attention, but search popularity is not itself a fundamental catalyst. Investors are likely focused on whether AI initiatives, customer acquisition efforts and payments growth can offset slower core expansion. Investors Heavily Search Intuit
• Negative Sentiment: Bank of America analyst Tal Liani maintained a Hold rating and kept a $360 price target, citing slower core growth and elevated investment requirements. The unchanged target and cautious stance may limit upside sentiment, particularly after Intuit’s stock decline from its 52-week high. Tal Liani Reiterates Hold on Intuit

Intuit Company Profile

Intuit Inc is a financial technology and business software company that develops products designed to help consumers, small businesses and accounting professionals manage finances, tax obligations and customer relationships. The company is headquartered in Mountain View, California, and serves customers primarily in the United States and Canada, with additional international availability for certain products.

Its principal offerings include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, invoicing, payroll and payments tools for small businesses and self-employed individuals; Credit Karma, a personal finance platform offering credit monitoring and related financial products; and Mailchimp, an email marketing and customer engagement service for businesses.

Intuit was founded in 1983 by Scott Cook and Tom Proulx.