Intuit (NASDAQ:INTU) Price Target Lowered to $591.00 at Citigroup

Intuit (NASDAQ:INTU) had its price objective reduced by equities researchers at Citigroup from $649.00 to $591.00 in a research note issued on Thursday. The brokerage currently has a “buy” rating on the software maker’s stock. Citigroup’s price target suggests a potential upside of 53.93% from the stock’s current price.

INTU has been the topic of a number of other reports. UBS Group decreased their target price on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a research note on Thursday. BNP Paribas Exane raised Intuit from an “underperform” rating to a “neutral” rating and set a $463.00 price objective for the company in a report on Monday, March 16th. Rothschild & Co Redburn upgraded shares of Intuit from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $670.00 to $700.00 in a research report on Tuesday, March 10th. Stifel Nicolaus set a $375.00 target price on shares of Intuit and gave the company a “buy” rating in a research note on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and set a $400.00 target price on shares of Intuit in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $582.32.

Intuit Stock Performance

Intuit stock opened at $383.93 on Thursday. Intuit has a 1-year low of $342.11 and a 1-year high of $813.70. 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 firm has a market capitalization of $106.18 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The firm’s 50 day simple moving average is $408.90 and its 200 day simple moving average is $514.39.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating the consensus estimate of $12.57 by $0.23. The firm had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $8.54 billion. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $11.65 EPS. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. As a group, analysts expect that Intuit will post 17.44 earnings per share for the current fiscal year.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the sale, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. The trade was a 2.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of large investors have recently added to or reduced their stakes in INTU. NEOS Investment Management LLC increased its stake in 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 during the period. Varma Mutual Pension Insurance Co boosted its stake in shares of Intuit by 8.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock valued at $30,771,000 after purchasing an additional 3,600 shares during the period. Nicholson Wealth Management Group LLC purchased a new position in shares of Intuit in the third quarter worth $1,465,000. Crossmark Global Holdings Inc. raised its holdings in Intuit by 15.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 47,629 shares of the software maker’s stock valued at $32,526,000 after buying an additional 6,503 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Intuit by 50.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock valued at $21,765,000 after buying an additional 10,661 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit delivered stronger-than-expected fiscal Q3 results, with EPS of $12.80 and revenue of $8.56 billion, both slightly ahead of Wall Street estimates. The company also raised FY 2026 and Q4 guidance, signaling continued demand and healthy operating momentum. Article Title
• Positive Sentiment: Management said it will continue investing in AI and “big bets,” and the board approved an $8 billion buyback plus a 15% dividend increase, which supports shareholder returns and suggests confidence in cash flow. Article Title
• Neutral Sentiment: Broader tech trading was mixed, with market futures and Nasdaq sentiment pressured by Nvidia-related moves, which may be adding some macro noise around INTU’s post-earnings reaction. Article Title
• Negative Sentiment: Intuit announced it will cut about 17% of its workforce, or roughly 3,000 jobs, in a restructuring tied to AI investment. Investors are reacting negatively to the execution risk, restructuring charges, and the signal that management sees a need to aggressively reset the cost base. Article Title
• Negative Sentiment: The company also trimmed TurboTax revenue guidance, raising concerns about slower growth in a key business line and fueling fears that AI disruption could pressure legacy tax-prep demand. Article Title

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.