Intuit (NASDAQ:INTU) Rating Lowered to “Neutral” at Bank of America

Intuit (NASDAQ:INTU) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Wednesday. They presently have a $360.00 price objective on the software maker’s stock. Bank of America‘s price objective points to a potential upside of 0.71% from the company’s current price.

INTU has been the subject of several other research reports. Citigroup lowered their price target on Intuit from $591.00 to $457.00 and set a “buy” rating for the company in a report on Thursday, August 13th. BNP Paribas Exane decreased their price objective on shares of Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Wall Street Zen cut shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Oppenheimer lowered their target price on shares of Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Piper Sandler upped their price target on shares of Intuit from $250.00 to $290.00 and gave the company an “underweight” rating in a research note on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $437.06.

Intuit Price Performance

Shares of INTU opened at $357.46 on Wednesday. The company has a 50 day moving average of $302.38 and a two-hundred day moving average of $357.99. 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 company has a market cap of $97.78 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97.

Intuit (NASDAQ:INTU) last issued its quarterly 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 25.18% and a net margin of 21.91%.The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the prior year, the firm posted $2.75 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, analysts predict that Intuit will post 18.19 earnings per share for the current fiscal year.

Insider Activity at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the sale, the director owned 11,758 shares in the company, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock worth $348,354 over the last three months. Insiders own 2.49% of the company’s stock.

Institutional Trading of Intuit

Institutional investors and hedge funds have recently bought and sold shares of the business. Joseph Group Capital Management acquired a new stake in shares of Intuit in the fourth quarter worth $25,000. Fiduciary Financial Advisors purchased a new position in shares of Intuit during the second quarter worth $25,000. Intesa Sanpaolo Wealth Management acquired a new position in Intuit during the fourth quarter valued at $25,000. Osbon Capital Management LLC acquired a new position in Intuit during the second quarter valued at $26,000. Finally, MidFirst Bank purchased a new stake in Intuit in the second quarter valued at $28,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Intuit

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.