Royal Bank Of Canada Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its target price reduced by Royal Bank Of Canada from $850.00 to $600.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the software maker’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 49.01% from the stock’s current price.

A number of other analysts also recently issued reports on INTU. BMO Capital Markets dropped their price objective on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a report on Friday. Jefferies Financial Group set a $650.00 price target on Intuit in a research report on Sunday. KeyCorp cut their target price on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Mizuho set a $675.00 price objective on shares of Intuit in a report on Thursday, February 19th. Finally, Wells Fargo & Company cut their price objective on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a research note on Tuesday. Twenty-two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Intuit currently has a consensus rating of “Moderate Buy” and an average target price of $681.11.

Intuit Price Performance

NASDAQ INTU traded up $8.23 during trading on Friday, reaching $402.65. The company’s stock had a trading volume of 4,197,650 shares, compared to its average volume of 4,031,666. The firm has a fifty day moving average of $531.35 and a 200 day moving average of $620.12. Intuit has a one year low of $349.00 and a one year high of $813.70. The stock has a market capitalization of $112.05 billion, a PE ratio of 27.52, a P/E/G ratio of 1.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

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

Insiders Place Their Bets

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the 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 transaction, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This represents a 75.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total transaction of $219,763.35. Following the sale, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last ninety days. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Several institutional investors have recently bought and sold shares of INTU. Tortoise Investment Management LLC boosted its stake in shares of Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after acquiring an additional 27 shares during the last quarter. Joseph Group Capital Management bought a new stake in Intuit in the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management purchased a new stake in Intuit during the fourth quarter valued at $25,000. Westside Investment Management Inc. lifted its position in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Intuit during the second quarter valued at approximately $28,000. 83.66% of the stock is owned by hedge funds and other institutional investors.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beat — Intuit posted stronger‑than‑expected Q2 revenue and EPS and reiterated FY26 guidance, which underpins the rally as investors focus on durable growth and margin strength. Intuit Q2 Earnings Surpass Estimates, Segment Revenues Rise
• Positive Sentiment: Management backs AI — CFO/CEO commentary emphasizes that Intuit is leaning into domain‑specific AI to drive the next phase of growth, which supports a narrative that the company is an AI beneficiary rather than a victim. Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
• Positive Sentiment: Market research argument in Intuit’s favor — analysts highlighting AI durability and high switching costs view Intuit as a software winner in the current AI-driven re‑rating. This helps investor appetite despite broader software weakness. AI Is Separating Software Winners From Losers, 2 Experts Explain (INTU)
• Positive Sentiment: Dividend sign of confidence — Intuit’s board approved a cash dividend, which signals capital‑allocation confidence and can support investor sentiment. Intuit Board Declares Cash Dividend, Signals Ongoing Confidence
• Neutral Sentiment: Analysts still generally constructive — several firms kept buy/overweight ratings even as they trimmed targets, leaving meaningful upside in many new targets; that mixed stance is moderating volatility rather than decisively bullish or bearish. (See analyst notes below.)
• Negative Sentiment: Soft near‑term guidance — Intuit’s Q3 outlook flagged higher marketing spend during U.S. tax season and came in below some Street expectations, which sparked initial after‑hours selling and remains a key near‑term risk. Intuit trades lower despite earnings beat on soft FQ3 guidance
• Negative Sentiment: Widespread price‑target cuts — Multiple firms lowered targets (Goldman, Oppenheimer, JPMorgan, Citi, Stifel, BMO, etc.), which can weigh on sentiment despite many analysts retaining positive ratings. Examples: Goldman/MarketScreener, Oppenheimer/Benzinga. Goldman Sachs adjusts price target on Intuit to $519 from $720 Benzinga (Oppenheimer note)
• Negative Sentiment: Rising short interest — short positions jumped in February, which increases volatility risk and could pressure the stock if sentiment weakens further.

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.