Intuit (NASDAQ:INTU) Given Outperform Rating at Royal Bank Of Canada

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Friday, Benzinga reports. They presently have a $385.00 price target on the software maker’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 36.97% from the company’s current price.

A number of other research firms have also recently issued reports on INTU. Morgan Stanley cut their price objective on shares of Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 26th. Evercore reissued an “outperform” rating on shares of Intuit in a research report on Friday, September 18th. Truist Financial reissued a “hold” rating and set a $300.00 price objective on shares of Intuit in a research report on Friday, September 18th. KeyCorp set a $400.00 price objective on shares of Intuit in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. cut shares of Intuit from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $605.00 to $331.00 in a research report on Wednesday, August 26th. Sixteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Trading Down 0.6%

Shares of Intuit stock traded down $1.70 during trading on Friday, hitting $281.08. The company’s stock had a trading volume of 2,739,477 shares, compared to its average volume of 4,298,254. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 1.51. Intuit has a 52 week low of $252.84 and a 52 week high of $689.17. The stock has a market cap of $75.12 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. The stock has a 50-day moving average price of $324.10 and a two-hundred day moving average price of $338.29.

Intuit (NASDAQ:INTU) last issued its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The business had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Intuit had a net margin of 21.29% and a return on equity of 25.97%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities research analysts anticipate that Intuit will post 23.01 EPS for the current fiscal year.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 285 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $325.36, for a total value of $92,727.60. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $3,751,726.16. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren D. Hotz sold 907 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total transaction of $314,311.78. Following the completion of the transaction, the chief accounting officer directly owned 1,628 shares of the company’s stock, valued at approximately $564,167.12. This trade represents a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. XXEC Inc. bought a new position in Intuit in the 2nd quarter worth approximately $436,740,000. BlackRock Inc. bought a new position in Intuit in the 2nd quarter worth approximately $6,851,859,000. State Street Corp boosted 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 during the period. Corient Private Wealth LP bought a new position in Intuit in the 2nd quarter worth approximately $40,545,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Intuit by 102.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after buying an additional 1,972,719 shares during the period. 83.66% of the stock is owned by institutional investors.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and assigned a $385 price target, implying substantial upside from recent levels. The broader analyst consensus target is also considerably higher, at approximately $431.55.
• Positive Sentiment: Intuit expanded its NFL partnership through 2030, giving Intuit Intelligence exposure to an estimated 400 million fans. The agreement is intended to strengthen brand awareness and showcase Intuit’s broader financial software platform. Intuit Brings Intuit Intelligence to Football’s Biggest Stage in Renewed NFL Partnership Through 2030
• Positive Sentiment: SimpleClosure and QuickBooks partnered to help businesses properly close state payroll-tax accounts, potentially improving QuickBooks’ value to small-business customers and accounting professionals. SimpleClosure and Intuit QuickBooks Partner to Help Businesses Stay Compliant When Closing Payroll Tax Accounts
• Positive Sentiment: Traders reportedly bought short-dated October call options after Jim Cramer did not include Intuit among companies he expects to be hurt by Meta’s new AI platform, signaling a near-term bullish trading interpretation. Intuit Wasn’t on Cramer’s Muse Casualty List, and Traders Just Piled Into Its October Calls
• Neutral Sentiment: Intuit appointed Dixie McCurley as its first managing partner in residence, a move designed to deepen relationships with accounting firms and strengthen partner engagement.
• Neutral Sentiment: The company is emphasizing faster customer growth in fiscal 2027 through lower-cost entry plans, sharper pricing and AI features. The strategy could expand QuickBooks and TurboTax adoption, but may also pressure near-term monetization.
• Negative Sentiment: Despite the positive developments, recent weakness reflects lingering investor concern about valuation, execution of the AI-driven growth strategy and competition from emerging AI platforms. The stock is trading below its key moving averages, keeping technical momentum cautious.

Intuit Company Profile

Intuit Inc is a global financial technology and business software company headquartered in Mountain View, California. The company develops products designed to help consumers, small businesses and accounting professionals manage finances, prepare taxes, operate businesses and make financial decisions.

Its principal products and services include TurboTax, a tax preparation and filing platform; QuickBooks, which provides accounting, payroll, payments and related business management tools; Credit Karma, a personal finance platform offering credit monitoring and financial product recommendations; and Mailchimp, an email marketing and customer engagement service for businesses.

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