HSBC Lowers Intuit (NASDAQ:INTU) Price Target to $707.00

Intuit (NASDAQ:INTU) had its price target dropped by investment analysts at HSBC from $897.00 to $707.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the software maker’s stock. HSBC’s target price suggests a potential upside of 128.43% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Argus dropped their price objective on Intuit from $580.00 to $480.00 and set a “buy” rating for the company in a research note on Friday. Oppenheimer dropped their price target on Intuit from $558.00 to $406.00 and set an “outperform” rating for the company in a research note on Thursday. Wolfe Research reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Intuit in a report on Thursday. Mizuho reduced their price objective on shares of Intuit from $675.00 to $600.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Twenty-five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $555.00.

Intuit Price Performance

Shares of NASDAQ INTU traded up $2.44 during midday trading on Friday, reaching $309.51. The stock had a trading volume of 2,884,959 shares, compared to its average volume of 3,831,514. The company has a market capitalization of $85.59 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. Intuit has a 12-month low of $302.36 and a 12-month high of $813.70. The stock has a 50-day moving average of $405.96 and a 200-day moving average of $511.86. 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 released its earnings results on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. During the same quarter in the previous year, the company earned $11.65 EPS. Intuit’s revenue for the quarter 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. As a group, research analysts anticipate that Intuit will post 17.44 EPS for the current fiscal year.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GKV Capital Management Co. Inc. purchased a new stake in shares of Intuit during the 1st quarter valued at about $74,000. Essential Partners LLC grew its position in Intuit by 100.9% in the first quarter. Essential Partners LLC now owns 898 shares of the software maker’s stock worth $388,000 after acquiring an additional 451 shares in the last quarter. Groupe la Francaise increased its stake in Intuit by 18.5% during the first quarter. Groupe la Francaise now owns 12,484 shares of the software maker’s stock worth $5,398,000 after acquiring an additional 1,948 shares during the last quarter. TrueWealth Financial Partners purchased a new stake in Intuit during the first quarter valued at approximately $471,000. Finally, Western Wealth Management LLC raised its position in Intuit by 513.3% during the first quarter. Western Wealth Management LLC now owns 2,901 shares of the software maker’s stock valued at $1,254,000 after purchasing an additional 2,428 shares during the period. 83.66% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit beat fiscal Q3 EPS and revenue estimates and raised full-year guidance, showing the core business remains healthy. Intuit’s Q3 Earnings Beat on Consumer Growth & Higher Guidance
• Positive Sentiment: The company announced a larger share repurchase authorization and increased its dividend, signaling confidence in cash flow and shareholder returns.
• Neutral Sentiment: Management says the 17% workforce reduction is part of a broader restructuring to flatten the organization and reallocate spending toward AI and “big bets.” Intuit CEO says company’s 17% workforce cut had ‘nothing to do with AI’
• Neutral Sentiment: Intuit’s quarterly report also included strong revenue growth, but the market is waiting to see whether the AI pivot can offset execution risk from the reorganization.
• Negative Sentiment: The layoffs, restructuring charges of $300 million to $340 million, and softer TurboTax outlook have overshadowed the earnings beat and pressured sentiment. Intuit boosts annual forecasts, to cut 17% of global staff

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.