TD Cowen Cuts Intuit (NASDAQ:INTU) Price Target to $576.00

Intuit (NASDAQ:INTU) had its price target reduced by TD Cowen from $633.00 to $576.00 in a research report released on Monday, MarketBeat.com reports. TD Cowen currently has a buy rating on the software maker’s stock.

A number of other research firms have also recently commented on INTU. Wells Fargo & Company cut their price target 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, February 24th. KeyCorp lowered their price target on Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Stifel Nicolaus dropped their price target on Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Erste Group Bank raised Intuit to a “hold” rating in a research note on Monday, April 27th. Finally, Daiwa Securities Group dropped their price target on Intuit from $800.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $634.26.

Intuit Price Performance

NASDAQ:INTU opened at $371.71 on Monday. The firm has a market capitalization of $102.80 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.56 and a beta of 1.04. Intuit has a 52-week low of $342.11 and a 52-week high of $813.70. The stock has a fifty day moving average of $415.65 and a 200 day moving average of $524.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU) last announced its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. Intuit’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the firm 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. On average, research analysts expect that Intuit will post 17.44 EPS for the current fiscal year.

Intuit Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 9th were issued a $1.20 dividend. The ex-dividend date was Thursday, April 9th. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. Intuit’s payout ratio is currently 31.09%.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of Intuit stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the transaction, the director owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. NEOS Investment Management LLC boosted its position in shares of Intuit by 63.8% in the 3rd quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after purchasing an additional 47,330 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its position in shares of Intuit by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares in the last quarter. Nicholson Wealth Management Group LLC bought a new stake in shares of Intuit in the 3rd quarter worth approximately $1,465,000. Crossmark Global Holdings Inc. boosted its position in shares of Intuit by 15.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock worth $32,526,000 after purchasing an additional 6,503 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Intuit by 50.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after purchasing an additional 10,661 shares in the last quarter. 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: Intuit announced enhancements to Intuit Enterprise Suite and launched QuickBooks Workforce, expanding its AI-powered HR and financial management tools for mid-market and small business customers. Intuit Unlocks New Phase of Growth for Mid-Market Businesses, Combining Data and AI to Drive Faster, More Profitable Decisions
• Positive Sentiment: Wall Street articles highlighted that analysts see roughly 60% upside potential for INTU based on consensus price targets and improving earnings estimate revisions. Wall Street Analysts Believe Intuit (INTU) Could Rally 60.13%: Here’s is How to Trade
• Positive Sentiment: Several market commentary pieces framed Intuit as a beneficiary of the accelerating digital payments and AI software trend, which supports the company’s long-term growth story. Top Mobile Payments Stocks to Buy in an Accelerating Digital Era
• Neutral Sentiment: A new Vapi funding story noted that Intuit is among the enterprise customers using its voice AI platform, but this appears more informational than material for near-term earnings. Why Intuit (INTU) Dipped More Than Broader Market Today
• Negative Sentiment: Articles focused on Intuit’s 42.8% drop over the past six months, citing Mailchimp weakness, rising costs, and investor concern that strong AI and mid-market gains may not be enough to offset pressure in other parts of the business. Is INTU Stock a Buy, Hold or Sell After Its 42.8% Plunge in 6 Months?
• Negative Sentiment: Intuit was also mentioned in a broader software selloff article, suggesting the stock has been caught up in sector-wide weakness rather than only company-specific news. Marqeta, Toast, Dolby Laboratories, Intuit, and GoDaddy shares plummet, what you need to know

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.