Intuit’s (INTU) Outperform Rating Reiterated 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 research note issued to investors on Friday, Benzinga reports. They currently have a $385.00 target price on the software maker’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 36.97% from the company’s current price.

A number of other research firms also recently commented on INTU. KeyCorp set a $400.00 price objective on Intuit in a research note on Wednesday, August 26th. Mizuho reissued an “outperform” rating and issued a $430.00 price objective on shares of Intuit in a research note on Friday, September 18th. Morgan Stanley dropped their price objective on Intuit from $335.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on Intuit from $530.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Finally, Evercore reissued an “outperform” rating on shares of Intuit in a research note on Friday, September 18th. Sixteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $431.55.

Intuit Stock Performance

Intuit stock traded down $1.70 during mid-day trading on Friday, hitting $281.08. 2,739,469 shares of the company’s stock traded hands, compared to its average volume of 4,298,235. The firm has a 50 day moving average price of $324.41 and a 200 day moving average price of $338.70. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.34. The company has a market cap of $75.12 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01. Intuit has a one year low of $252.84 and a one year high of $689.17.

Intuit (NASDAQ:INTU) last announced its earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.97% and a net margin of 21.29%.The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 EPS. 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 forecast that Intuit will post 23.01 EPS for the current year.

Insiders Place Their Bets

In related news, Director Richard Dalzell sold 285 shares of Intuit 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Lauren Hotz sold 907 shares of Intuit stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following the completion of the transaction, the chief accounting officer owned 1,628 shares in the company, valued at $564,167.12. The trade was a 35.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Hedge funds have recently modified their holdings of the stock. Verus Capital Partners LLC lifted its position in Intuit by 5.2% in the 4th quarter. Verus Capital Partners LLC now owns 506 shares of the software maker’s stock valued at $335,000 after acquiring an additional 25 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its position in Intuit by 10.3% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 267 shares of the software maker’s stock valued at $115,000 after acquiring an additional 25 shares in the last quarter. Prentice Wealth Management LLC lifted its position in Intuit by 3.1% in the 1st quarter. Prentice Wealth Management LLC now owns 876 shares of the software maker’s stock valued at $379,000 after acquiring an additional 26 shares in the last quarter. Powell Investment Advisors LLC lifted its position in Intuit by 5.4% in the 1st quarter. Powell Investment Advisors LLC now owns 551 shares of the software maker’s stock valued at $238,000 after acquiring an additional 28 shares in the last quarter. Finally, Sachetta LLC lifted its position in Intuit by 33.7% in the 1st quarter. Sachetta LLC now owns 111 shares of the software maker’s stock valued at $48,000 after acquiring an additional 28 shares in the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Intuit News Summary

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 trading levels. The bullish view supports the stock by signaling confidence in Intuit’s growth outlook despite its recent weakness. RBC analyst rating
• Positive Sentiment: Traders reportedly bought short-dated October call options after Jim Cramer discussed companies that could be hurt by Meta’s AI platform without naming Intuit. The omission was interpreted as a potentially favorable signal, although options activity is speculative and may not represent a durable fundamental improvement. Intuit options activity article
• Positive Sentiment: Intuit extended its NFL partnership through 2030 and plans to use Intuit Intelligence across the league’s large fan base. The deal could improve brand awareness and provide a broad marketing channel for QuickBooks, TurboTax and other financial products. Intuit NFL partnership
• Positive Sentiment: Intuit is expanding industry engagement for Intuit Enterprise Suite, including a construction-focused customer advisory board, while partnering with SimpleClosure to help QuickBooks users close payroll-tax accounts. These efforts may strengthen product adoption, customer retention and Intuit’s position in the mid-market.
• Neutral Sentiment: The company named Dixie McCurley its first managing partner in residence to deepen relationships with accounting firms. The appointment may support distribution and product feedback, but its near-term financial impact is unclear.
• Negative Sentiment: Intuit’s plan to accelerate customer growth through lower-cost entry points, pricing changes and AI could expand its addressable market, but it also raises questions about near-term monetization, margins and execution. Shares remain well below their recent moving averages, reflecting investor caution.

About Intuit

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.