Intuit (NASDAQ:INTU) Given New $600.00 Price Target at Royal Bank Of Canada

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

A number of other equities research analysts have also recently commented on INTU. Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research note on Sunday. Wall Street Zen upgraded shares of Intuit from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. BMO Capital Markets lowered their price objective on Intuit from $624.00 to $550.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price objective on Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday. Finally, UBS Group set a $739.00 target price on Intuit in a report on Tuesday, January 6th. Twenty-two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $681.11.

Intuit Stock Performance

Shares of INTU traded up $8.23 during trading hours on Friday, reaching $402.65. 4,197,650 shares of the company traded hands, compared to its average volume of 4,031,666. The business has a fifty day moving average price of $531.35 and a 200-day moving average price of $620.12. Intuit has a 12-month low of $349.00 and a 12-month high of $813.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $112.05 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.56 and a beta of 1.24.

Intuit (NASDAQ:INTU) last released its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping 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 firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $3.32 earnings per share. The company’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. Equities analysts anticipate that Intuit will post 14.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Intuit news, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the transaction, the director directly owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the transaction, the director owned 13,476 shares in the company, valued at $8,893,486.20. The trade was 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 worth $255,514,393 in the last quarter. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuit

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INTU. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after buying an additional 27 shares during the last quarter. Joseph Group Capital Management acquired a new position in Intuit during the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit during the fourth quarter worth $25,000. Westside Investment Management Inc. lifted its stake in Intuit by 161.5% during the 2nd quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after acquiring an additional 21 shares in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new position in Intuit during the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Roundup

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.