The Goldman Sachs Group Issues Pessimistic Forecast for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price target decreased by stock analysts at The Goldman Sachs Group from $720.00 to $519.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 33.68% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a report on Friday. BNP Paribas Exane reduced their target price on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a research note on Friday. TD Cowen reduced their price objective on Intuit from $802.00 to $658.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Finally, Independent Research set a $875.00 target price on Intuit in a report on Tuesday, November 18th. Twenty-two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average target price of $694.96.

Intuit Trading Down 1.6%

Shares of NASDAQ INTU opened at $388.25 on Friday. Intuit has a fifty-two week low of $349.00 and a fifty-two week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $108.04 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.56 and a beta of 1.24. The business’s 50 day moving average price is $531.35 and its 200-day moving average price is $620.12.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the business earned $3.32 EPS. Intuit’s revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts expect that Intuit will post 14.09 earnings per share for the current year.

Insider Activity

In other news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the transaction, the director owned 13,476 shares in the company, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 388,464 shares of company stock valued at $255,514,393 in the last ninety days. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Large investors have recently modified their holdings of the business. Anchor Investment Management LLC increased its holdings in shares of Intuit by 1.8% during the fourth quarter. Anchor Investment Management LLC now owns 2,633 shares of the software maker’s stock valued at $1,744,000 after acquiring an additional 46 shares in the last quarter. BDFS Capital LLC purchased a new stake in Intuit during the 4th quarter worth approximately $619,000. Sit Investment Associates Inc. grew its position in Intuit by 2.8% during the 4th quarter. Sit Investment Associates Inc. now owns 34,977 shares of the software maker’s stock worth $23,169,000 after purchasing an additional 965 shares during the last quarter. MidFirst Bank acquired a new position in Intuit during the 4th quarter valued at approximately $393,000. Finally, SG Trading Solutions LLC purchased a new position in shares of Intuit in the fourth quarter worth $864,000. Hedge funds and other 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: Q2 results topped expectations — revenue and EPS beat and margins remained healthy, supporting Intuit’s underlying growth thesis. Intuit Q2 earnings report
• Positive Sentiment: Management is leaning into AI as a growth driver — the CFO and CEO framed AI partnerships and domain‑specific models as tailwinds, arguing the tech expands rather than displaces Intuit’s core products. Intuit’s CFO says AI is fueling growth
• Positive Sentiment: Board declared a cash dividend — signals capital‑allocation confidence and returns cash to shareholders. Dividend announcement
• Positive Sentiment: Third‑party analysis (Altimetry/MarketBeat) lists Intuit among software names likely to benefit from AI, citing strong switching costs, security and ecosystem stickiness — a constructive longer‑term view for investors who see the pullback as selective repricing. AI Is Separating Software Winners From Losers
• Neutral Sentiment: Company updated FY and Q3 guidance (ranges provided) — FY view contains upside elements but near‑term Q3 guidance was softer than some Street expectations, producing mixed signals on timing of margin recovery. WSJ: Intuit logs higher profit, gives soft outlook
• Negative Sentiment: Near‑term guidance disappointed: Intuit flagged higher marketing spend for U.S. tax season and weaker Q3 profit expectations, which triggered the immediate sell‑off even after the beat. Intuit shares tumble despite earnings beat
• Negative Sentiment: Short interest has risen materially (noted ~40% increase in February), adding pressure and potential volatility while sentiment re‑prices the stock.
• Negative Sentiment: Regulatory risk resurfaced — lawmakers are pushing to revive/free up IRS Direct File, which would be a long‑term revenue threat to paid tax‑prep services like TurboTax. Warren introduces Direct File bill

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.