Intuit (NASDAQ:INTU) Price Target Lowered to $550.00 at Susquehanna

Intuit (NASDAQ:INTU) had its price objective cut by analysts at Susquehanna from $640.00 to $550.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a “positive” rating on the software maker’s stock. Susquehanna’s price objective would indicate a potential upside of 77.70% from the stock’s current price.

Several other equities analysts have also recently weighed in on INTU. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Stifel Nicolaus decreased their price target on Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday. 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. Citigroup cut their price objective on shares of Intuit from $649.00 to $591.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of Intuit from $425.00 to $360.00 and set an “equal weight” rating on the stock in a report on Thursday. Twenty-five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $555.00.

Intuit Stock Performance

NASDAQ INTU traded up $2.44 during trading on Friday, reaching $309.51. The company’s stock had a trading volume of 2,884,959 shares, compared to its average volume of 3,831,514. The firm has a 50 day moving average price of $405.96 and a 200 day moving average price of $511.86. Intuit has a 12 month low of $302.36 and a 12 month high of $813.70. The firm 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. 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 earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, topping the consensus estimate of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Intuit had a net margin of 21.91% and a return on equity of 25.59%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $11.65 earnings per share. 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, equities analysts anticipate that Intuit will post 17.44 EPS for the current fiscal year.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 13,253 shares of the company’s stock, valued at $5,836,621.20. This represents a 2.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank acquired a new position in Intuit in the 4th quarter worth about $3,058,407,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Intuit by 102.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,896,561 shares of the software maker’s stock worth $1,684,795,000 after purchasing an additional 1,972,719 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Intuit by 183.8% in the third quarter. Alliancebernstein L.P. now owns 1,999,737 shares of the software maker’s stock valued at $1,365,640,000 after buying an additional 1,295,199 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the 1st quarter valued at approximately $785,564,000. Finally, Vanguard Group Inc. raised its holdings in Intuit by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 28,621,990 shares of the software maker’s stock valued at $19,546,243,000 after buying an additional 914,024 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors.

Key Headlines Impacting 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.