The Goldman Sachs Group Cuts Intuit (NASDAQ:INTU) Price Target to $519.00

Intuit (NASDAQ:INTU) had its price objective reduced by The Goldman Sachs Group from $720.00 to $519.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 33.68% from the company’s previous close.

A number of other research analysts also recently issued reports on INTU. KeyCorp cut their price objective on Intuit from $825.00 to $750.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. BMO Capital Markets reduced their price objective on shares of Intuit from $624.00 to $550.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings cut shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Finally, BNP Paribas Exane decreased their price target on Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a report on Monday. Twenty-two 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 stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and an average price target of $694.96.

Intuit Trading Down 1.6%

Shares of Intuit stock opened at $388.25 on Friday. Intuit has a 1-year low of $349.00 and a 1-year high of $813.70. The company’s fifty day simple moving average is $531.35 and its 200-day simple moving average is $620.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $108.04 billion, a PE ratio of 26.54, a P/E/G ratio of 1.56 and a beta of 1.24.

Intuit (NASDAQ:INTU) last announced 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. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same period last year, the firm earned $3.32 EPS. Intuit’s revenue for the quarter was up 17.4% compared to the same quarter last year. 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 analysts anticipate that Intuit will post 14.09 earnings per share for the current year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Scott D. Cook sold 75,000 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the completion of the transaction, the director owned 5,669,584 shares in the company, valued at $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares in the company, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 388,464 shares of company stock worth $255,514,393 over the last three months. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intuit

Several institutional investors have recently modified their holdings of the stock. Telos Capital Management Inc. raised its holdings in Intuit by 2.6% during the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock valued at $461,000 after buying an additional 15 shares during the period. Mcrae Capital Management Inc. boosted its stake in Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock worth $1,723,000 after buying an additional 15 shares during the period. Fort Sheridan Advisors LLC increased its position in Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock valued at $569,000 after acquiring an additional 15 shares during the last quarter. BetterWealth LLC increased its position in Intuit by 3.8% during the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after acquiring an additional 15 shares during the last quarter. Finally, Sachetta LLC lifted its holdings in shares of Intuit by 23.8% in the 3rd quarter. Sachetta LLC now owns 78 shares of the software maker’s stock worth $53,000 after acquiring an additional 15 shares during the last quarter. 83.66% of the stock is owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 results topped expectations — revenue and EPS beat and margins remained healthy, supporting Intuit’s underlying growth thesis. Intuit Q2 earnings report
• Positive Sentiment: Management is leaning into AI as a growth driver — the CFO and CEO framed AI partnerships and domain‑specific models as tailwinds, arguing the tech expands rather than displaces Intuit’s core products. Intuit’s CFO says AI is fueling growth
• Positive Sentiment: Board declared a cash dividend — signals capital‑allocation confidence and returns cash to shareholders. Dividend announcement
• Positive Sentiment: Third‑party analysis (Altimetry/MarketBeat) lists Intuit among software names likely to benefit from AI, citing strong switching costs, security and ecosystem stickiness — a constructive longer‑term view for investors who see the pullback as selective repricing. AI Is Separating Software Winners From Losers
• Neutral Sentiment: Company updated FY and Q3 guidance (ranges provided) — FY view contains upside elements but near‑term Q3 guidance was softer than some Street expectations, producing mixed signals on timing of margin recovery. WSJ: Intuit logs higher profit, gives soft outlook
• Negative Sentiment: Near‑term guidance disappointed: Intuit flagged higher marketing spend for U.S. tax season and weaker Q3 profit expectations, which triggered the immediate sell‑off even after the beat. Intuit shares tumble despite earnings beat
• Negative Sentiment: Short interest has risen materially (noted ~40% increase in February), adding pressure and potential volatility while sentiment re‑prices the stock.
• Negative Sentiment: Regulatory risk resurfaced — lawmakers are pushing to revive/free up IRS Direct File, which would be a long‑term revenue threat to paid tax‑prep services like TurboTax. Warren introduces Direct File bill

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.