Intuit (NASDAQ:INTU) Price Target Cut to $530.00 by Analysts at Deutsche Bank Aktiengesellschaft

Intuit (NASDAQ:INTU) had its price target lowered by Deutsche Bank Aktiengesellschaft from $600.00 to $530.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the software maker’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 72.11% from the stock’s current price.

A number of other brokerages have also commented on INTU. KeyCorp decreased their target price on Intuit from $520.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday. BNP Paribas Exane reduced their price objective on Intuit from $463.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday. Weiss Ratings downgraded Intuit from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Wells Fargo & Company lowered their target price on Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Susquehanna reduced their price target on shares of Intuit from $819.00 to $720.00 and set a “positive” rating for the company in a research report on Tuesday, February 24th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.74.

Intuit Trading Down 19.8%

Shares of INTU stock traded down $75.99 during trading hours on Thursday, hitting $307.94. 9,870,293 shares of the company were exchanged, compared to its average volume of 3,705,499. 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 has a fifty-two week low of $304.50 and a fifty-two week high of $813.70. The company has a 50 day simple moving average of $408.90 and a two-hundred day simple moving average of $514.39. The firm has a market cap of $85.16 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.61 and a beta of 1.04.

Intuit (NASDAQ:INTU) last issued its 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 net margin of 21.57% and a return on equity of 24.23%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period in the prior year, the firm earned $11.65 earnings per share. Intuit’s 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. Equities analysts anticipate that Intuit will post 17.44 EPS for the current year.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares in the company, valued at $5,836,621.20. This trade represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently modified their holdings of the stock. GW&K Investment Management LLC grew its stake in Intuit by 8.6% during the third quarter. GW&K Investment Management LLC now owns 202 shares of the software maker’s stock valued at $138,000 after acquiring an additional 16 shares in the last quarter. Cannell & Spears LLC lifted its stake in Intuit by 0.4% in the 3rd quarter. Cannell & Spears LLC now owns 3,868 shares of the software maker’s stock worth $2,641,000 after purchasing an additional 16 shares in the last quarter. Betterment LLC boosted its holdings in Intuit by 2.1% in the 3rd quarter. Betterment LLC now owns 779 shares of the software maker’s stock valued at $532,000 after purchasing an additional 16 shares during the period. Crawford Investment Counsel Inc. grew its position in shares of Intuit by 4.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 377 shares of the software maker’s stock valued at $257,000 after purchasing an additional 17 shares in the last quarter. Finally, Value Partners Investments Inc. increased its holdings in shares of Intuit by 0.4% in the fourth quarter. Value Partners Investments Inc. now owns 3,963 shares of the software maker’s stock worth $2,629,000 after purchasing an additional 17 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit delivered a beat-and-raise quarter, with adjusted EPS of $12.80 topping estimates and revenue of $8.56 billion slightly ahead of expectations. The company also raised full-year revenue and EPS guidance, which supports the long-term growth story. Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
• Positive Sentiment: Management announced an $8 billion share repurchase authorization and a 15% dividend increase, signaling confidence in cash flow and capital return capacity. Intuit Announces Major Restructuring and Dividend Declaration
• Neutral Sentiment: Several Wall Street firms lowered price targets after the report, including Oppenheimer, UBS, Citigroup, Wells Fargo, and BMO, though most still maintained constructive ratings such as outperform or buy. The Fly analyst update
• Neutral Sentiment: Analysts’ lower targets suggest expectations are being reset closer to the current share price, even as some see meaningful upside over time. BMO Capital price target update
• Negative Sentiment: Investors reacted negatively to the 17% workforce reduction and restructuring charges of $300 million to $340 million, fearing execution risk and weaker near-term sentiment around the business. Reuters workforce reduction report
• Negative Sentiment: TurboTax revenue guidance was trimmed, adding to concerns that growth in the core tax business may be slowing. Yahoo Finance TurboTax forecast article

Intuit Company Profile

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.