Oppenheimer Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price objective decreased by analysts at Oppenheimer from $406.00 to $380.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective would indicate a potential upside of 6.31% from the company’s previous close.

Several other analysts have also weighed in on the stock. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Wells Fargo & Company set a $300.00 price target on shares of Intuit in a report on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of Intuit in a research note on Tuesday, August 18th. Mizuho dropped their price objective on shares of Intuit from $500.00 to $430.00 and set an “outperform” rating on the stock in a report on Monday, August 17th. Finally, Evercore reissued an “outperform” rating on shares of Intuit in a research report on Tuesday, August 18th. Twenty investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $446.39.

Intuit Price Performance

Shares of NASDAQ INTU opened at $357.46 on Wednesday. The company has a market capitalization of $97.78 billion, a PE ratio of 21.65, a P/E/G ratio of 1.16 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit has a twelve month low of $252.84 and a twelve month high of $705.08. The firm has a fifty day simple moving average of $302.38 and a 200 day simple moving average of $357.99.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Tuesday, August 25th. The software maker reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the business earned $2.75 EPS. The firm’s revenue 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, sell-side analysts forecast that Intuit will post 18.19 EPS for the current year.

Insiders Place Their Bets

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares of the company’s stock, valued at approximately $3,449,554.36. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,239 shares of company stock valued at $348,354. 2.49% of the stock is currently owned by company insiders.

Institutional Trading of Intuit

Institutional investors and hedge funds have recently made changes to their positions in the company. Betterment LLC lifted its position in Intuit by 2.1% in the third quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after buying an additional 16 shares during the last quarter. One Capital Management LLC increased its position in shares of Intuit by 2.7% during the third quarter. One Capital Management LLC now owns 681 shares of the software maker’s stock valued at $465,000 after acquiring an additional 18 shares during the last quarter. Quadcap Wealth Management LLC increased its position in shares of Intuit by 1.0% during the third quarter. Quadcap Wealth Management LLC now owns 1,801 shares of the software maker’s stock valued at $1,230,000 after acquiring an additional 18 shares during the last quarter. Prentice Wealth Management LLC raised its stake in shares of Intuit by 2.7% in the 4th quarter. Prentice Wealth Management LLC now owns 850 shares of the software maker’s stock valued at $563,000 after acquiring an additional 22 shares during the period. Finally, Washington Trust Bank lifted its holdings in shares of Intuit by 3.0% in the 4th quarter. Washington Trust Bank now owns 790 shares of the software maker’s stock worth $523,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted earnings of $4.03 per share also exceeded expectations of approximately $3.58, while fiscal 2026 revenue reached $21.45 billion. Intuit fiscal fourth-quarter earnings report
• Positive Sentiment: The board approved a quarterly dividend of $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder returns and potential support for earnings per share. Intuit dividend announcement
• Neutral Sentiment: Management said it is prioritizing customer acquisition and market-share gains, including a better price-value proposition, which could support longer-term growth but may reduce near-term revenue and margins.
• Neutral Sentiment: Intuit highlighted adoption of its AI tools, with 75% of enterprise customers reportedly using AI agents monthly. However, management also acknowledged growing AI competition, making the technology strategy an important execution risk. Intuit AI customer adoption
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies slower growth of roughly 9% to 10%, below Wall Street expectations. Adjusted EPS guidance of $22.88 to $23.12 also fell well short of the supplied consensus estimate of $26.04; first-quarter guidance was similarly below expectations. Reuters report on Intuit’s annual forecast
• Negative Sentiment: Cost-conscious customers are leaving TurboTax because of pricing, while TurboTax revenue grew only 3% in the quarter. The CEO said Intuit is working on lower-cost offerings, but that strategy could pressure near-term sales. MarketWatch report on TurboTax pricing
• Negative Sentiment: Mailchimp is being reported as a separately disclosed business with an outlook for zero growth, adding to concerns about Intuit’s slowing expansion and competitive position. Multiple law firms have also announced securities lawsuits tied to alleged disclosures about TurboTax, AI growth and competitive risks, creating an additional overhang.

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.