Wall Street Zen Downgrades Intuit (NASDAQ:INTU) to Hold

Intuit (NASDAQ:INTU) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on the stock. Oppenheimer cut their target price on shares of Intuit from $696.00 to $558.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank Of Canada dropped their price target on shares of Intuit from $850.00 to $600.00 and set an “outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday. BNP Paribas Exane lowered their target price on shares of Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Twenty-three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $660.07.

Intuit Price Performance

Shares of NASDAQ INTU opened at $409.03 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $526.10 and a two-hundred day simple moving average of $616.73. Intuit has a 1-year low of $349.00 and a 1-year high of $813.70. The firm has a market cap of $113.82 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $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 anticipate that Intuit will post 14.09 earnings per share for the current year.

Insiders Place Their Bets

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at 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 value of $219,763.35. Following the transaction, the director directly owned 13,476 shares of the company’s stock, valued at $8,893,486.20. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 over the last three months. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Intuit during the 4th quarter valued at $3,058,407,000. Alliancebernstein L.P. increased its stake in Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after acquiring an additional 1,295,199 shares during the last quarter. Nicholas Hoffman & Company LLC. purchased a new stake in Intuit during the first quarter valued at about $785,564,000. Winslow Capital Management LLC bought a new stake in Intuit during the second quarter worth about $782,677,000. Finally, Vanguard Group Inc. lifted its stake in Intuit by 3.3% during the third quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock worth $19,546,243,000 after purchasing an additional 914,024 shares during the last quarter. 83.66% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 results beat: Intuit reported stronger-than-expected fiscal Q2 results — revenue grew ~17% and EPS topped consensus, and the company reaffirmed its FY26 revenue and EPS framework (FY26 EPS guide ~22.98–23.18). This confirms ongoing growth momentum and investor confidence in underlying businesses. Intuit Tops Q2 Earnings, Reaffirms FY26 Growth Outlook Amid AI Push
• Positive Sentiment: AI positioning: Management and analysts highlight Intuit’s AI investments (TurboTax, QuickBooks, Credit Karma integrations) as a structural tailwind — executives say AI is fueling the next growth phase and should deepen switching costs rather than displace the business. Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
• Positive Sentiment: Board signals confidence with dividend: Intuit declared a quarterly cash dividend of $1.20 per share (record April 9, pay April 17), underscoring cash generation and capital return policy. This supports income-oriented investor demand. Intuit Board Declares Cash Dividend, Signals Ongoing Confidence
• Neutral Sentiment: Analyst target updates mixed: Several firms trimmed price targets (Goldman, JPMorgan, Oppenheimer, RBC, others) but most maintained Buy/Outperform/Overweight stances — signaling caution on near-term multiple expansion while still backing the longer-term thesis. Monitor how these revisions affect sentiment and flows. Goldman Sachs adjusts price target on Intuit to $519 from $720; maintains neutral rating
• Negative Sentiment: Soft near-term guidance & higher marketing spend: Intuit’s Q3 guidance was softer than some expected — management flagged elevated marketing investment for peak U.S. tax season that will weigh on near-term margins and profit expectations, which triggered short-term selling pressure across headlines. Intuit Shares Tumble Despite Earnings Beat as Tax Season Outlook Disappoints
• Negative Sentiment: Market reaction: Despite the beat, coverage and write-ups emphasize the softer FQ3 outlook and tax-season margin pressure — multiple headlines note the stock initially slid after hours, reflecting sensitivity to forward guidance versus reported results. Investors should watch guidance execution and marketing ROI. Intuit Logs Higher Second-Quarter Profit, Gives Soft Third-Quarter Outlook

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.