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

Intuit (NASDAQ:INTU) had its price objective dropped by analysts at Oppenheimer from $558.00 to $406.00 in a note issued to investors on Thursday. The firm presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price target indicates a potential upside of 5.75% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets cut their price target on Intuit from $550.00 to $412.00 and set an “outperform” rating for the company in a research note on Thursday. Citigroup dropped their target price on Intuit from $803.00 to $649.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Evercore reiterated an “outperform” rating and set a $400.00 price target (down from $540.00) on shares of Intuit in a report on Thursday. Northcoast Research upgraded Intuit from a “neutral” rating to a “buy” rating and set a $575.00 price objective on the stock in a research note on Friday, March 6th. Finally, Mizuho reduced their target price on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $582.32.

Intuit Trading Down 3.9%

INTU opened at $383.93 on Thursday. The company has a fifty day moving average price of $408.90 and a two-hundred day moving average price of $514.39. Intuit has a 1-year low of $342.11 and a 1-year high of $813.70. The company has a market cap of $106.18 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28.

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

Insider Transactions at Intuit

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INTU. Joseph Group Capital Management bought a new stake in shares of Intuit in the 4th quarter worth approximately $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the fourth quarter valued at $25,000. MTM Investment Management LLC increased its position in Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock worth $32,000 after buying an additional 27 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Intuit in the third quarter worth $33,000. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Intuit in the fourth quarter valued at $33,000. 83.66% of the stock is owned by institutional investors.

Key Headlines Impacting Intuit

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.