Intuit’s (INTU) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Intuit (NASDAQ:INTU)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $385.00 price target on the software maker’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 37.34% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Stifel Nicolaus reissued a “hold” rating and set a $300.00 target price on shares of Intuit in a research note on Friday, September 18th. Mizuho reissued an “outperform” rating and issued a $430.00 target price on shares of Intuit in a research note on Friday, September 18th. BMO Capital Markets reissued an “outperform” rating on shares of Intuit in a research note on Monday, September 21st. Barclays decreased their target price on shares of Intuit from $443.00 to $408.00 and set an “overweight” rating for the company in a research note on Wednesday, August 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Intuit in a research note on Tuesday, September 8th. Sixteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $431.55.

Intuit Stock Down 0.9%

NASDAQ INTU traded down $2.46 during trading hours on Friday, reaching $280.32. 677,780 shares of the company’s stock were exchanged, compared to its average volume of 4,287,346. The company’s 50-day moving average is $324.41 and its two-hundred day moving average is $338.70. Intuit has a one year low of $252.84 and a one year high of $689.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $74.91 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01.

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

Insiders Place Their Bets

In other Intuit news, CAO Lauren D. Hotz sold 907 shares of Intuit stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $346.54, for a total value of $314,311.78. Following 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard L. Dalzell sold 285 shares of Intuit stock in a transaction dated 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 owned 11,531 shares in the company, valued at approximately $3,751,726.16. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker’s stock valued at $8,653,092,000 after acquiring an additional 180,069 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Intuit during the second quarter worth about $6,851,859,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares during the last quarter. Nuveen LLC grew its holdings in shares of Intuit by 20.5% during the fourth quarter. Nuveen LLC now owns 2,465,130 shares of the software maker’s stock worth $1,632,951,000 after purchasing an additional 419,941 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Intuit by 14.5% during the fourth quarter. Janus Henderson Group PLC now owns 2,018,738 shares of the software maker’s stock worth $1,337,257,000 after purchasing an additional 256,400 shares during the last quarter. 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: Royal Bank of Canada reaffirmed its Outperform rating and set a $385 price target, implying substantial upside from recent levels. The endorsement reinforces confidence in Intuit’s earnings potential and long-term growth strategy. Benzinga analyst rating report
• Positive Sentiment: Intuit extended its NFL partnership through 2030 and plans to use the league’s broad audience to promote Intuit Intelligence and its wider financial software ecosystem. The agreement could improve brand awareness and customer acquisition for QuickBooks, TurboTax and related products. Intuit brings Intuit Intelligence to football’s biggest stage
• Positive Sentiment: SimpleClosure is partnering with Intuit QuickBooks to help businesses properly close state payroll-tax accounts when ending payroll operations. The collaboration strengthens QuickBooks’ compliance capabilities and could increase customer retention. SimpleClosure and Intuit QuickBooks partnership
• Positive Sentiment: Construction-industry consultant RedHammer joined Intuit’s Lighthouse Construction Customer Advisory Board, providing feedback as Intuit expands its Enterprise Suite and AI capabilities in the mid-market. This supports product development and vertical-market adoption. RedHammer joins Intuit construction advisory board
• Neutral Sentiment: Intuit is targeting faster fiscal 2027 customer growth through lower-cost offerings, pricing changes and AI. The strategy may expand its user base, but investors will watch whether increased customer acquisition translates into sustainable revenue and earnings growth. Intuit targets faster customer growth
• Neutral Sentiment: Intuit also benefited from a broader rebound in enterprise software stocks, while analysts maintain bullish consensus price targets. However, the stock’s large distance from its moving averages suggests volatility and continued sensitivity to execution concerns.

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.