BMO Capital Markets Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price objective dropped by BMO Capital Markets from $624.00 to $550.00 in a report issued on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the software maker’s stock. BMO Capital Markets’ target price would indicate a potential upside of 39.45% from the company’s current price.

Several other equities analysts have also issued reports on the stock. Independent Research set a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. BNP Paribas Exane dropped their price target on Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research note on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. Evercore reaffirmed an “outperform” rating and issued a $875.00 price target on shares of Intuit in a report on Tuesday, November 18th. Finally, Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a report on Sunday. Twenty-two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $723.54.

Intuit Stock Up 3.5%

Shares of NASDAQ:INTU opened at $394.42 on Friday. Intuit has a 12 month low of $349.00 and a 12 month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $531.35 and a 200 day moving average price of $620.12. The company has a market cap of $109.76 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.56 and a beta of 1.24.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, February 26th. The software maker reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, equities research analysts predict that Intuit will post 14.09 earnings per share for the current year.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director directly owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sandeep Aujla sold 1,335 shares of Intuit stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the transaction, the chief financial officer owned 536 shares in the company, valued at $337,390.56. This trade represents a 71.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 388,464 shares of company stock valued at $255,514,393. 2.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INTU. NEOS Investment Management LLC increased its holdings in Intuit by 63.8% during the third quarter. NEOS Investment Management LLC now owns 121,516 shares of the software maker’s stock worth $82,984,000 after buying an additional 47,330 shares during the last quarter. Varma Mutual Pension Insurance Co increased its stake in shares of Intuit by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 45,058 shares of the software maker’s stock worth $30,771,000 after purchasing an additional 3,600 shares during the last quarter. Nicholson Wealth Management Group LLC purchased a new position in Intuit in the third quarter valued at approximately $1,465,000. Hantz Financial Services Inc. increased its position in Intuit by 50.3% in the third quarter. Hantz Financial Services Inc. now owns 31,871 shares of the software maker’s stock worth $21,765,000 after buying an additional 10,661 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Intuit by 11.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,211 shares of the software maker’s stock valued at $99,166,000 after buying an additional 15,471 shares during the period. Institutional investors and hedge funds own 83.66% of the company’s stock.

Intuit News Roundup

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 beat — Intuit reported $4.15 EPS and $4.65B revenue (both above consensus), with revenue up ~17% year‑over‑year; the quarter shows continued growth and margin strength. MarketBeat: Q2 results
• Positive Sentiment: AI partnership & CEO messaging — Management emphasized Anthropic and other AI collaborations as strategic tailwinds and said domain‑specific AI will augment Intuit’s products rather than displace them, which supports the company’s long‑term narrative. Yahoo: Anthropic deal & valuation
• Positive Sentiment: Board dividend — The board declared a cash dividend, signaling confidence in cash flow and returning capital to shareholders. TipRanks: Dividend announcement
• Neutral Sentiment: Market framing — Some analysts and research pieces argue Intuit is a long‑term AI “winner” with strong switching costs (alleviating some fear around AI disruption), but sentiment remains mixed across the sell side. MarketBeat/Altimetry: software winners vs losers
• Negative Sentiment: Soft Q3 guidance — Management set FQ3 EPS guidance below Street expectations (Q3 EPS range ~12.45–12.51 vs higher consensus) and warned of higher marketing spend for the U.S. tax season, which directly pressured the stock despite the quarterly beat. Seeking Alpha: Guidance reaction
• Negative Sentiment: After‑hours pullback and headlines — Multiple outlets report the shares slid after hours and into the next session as investors reacted to the weaker outlook and marketing cost commentary. Blockonomi: stock tumbles on guidance
• Negative Sentiment: Rising short interest & analyst caution — Short interest ticked up (~40% increase month‑over‑month) and some firms have trimmed targets or expressed caution, adding pressure to near‑term sentiment. Barchart: short interest & performance
• Negative Sentiment: Regulatory risk — A proposed bill to revive IRS Direct File (led by Sen. Warren) highlights long‑term regulatory risk to commercial tax‑prep revenues; this is a political/regulatory overhang to monitor. Benzinga: Direct File bill

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.