Intuit (NASDAQ:INTU) Price Target Cut to $576.00 by Analysts at TD Cowen

Intuit (NASDAQ:INTU) had its target price lowered by equities research analysts at TD Cowen from $633.00 to $576.00 in a research report issued on Monday,MarketScreener reports. TD Cowen’s price target would suggest a potential upside of 46.27% from the company’s current price.

A number of other equities analysts also recently weighed in on INTU. Erste Group Bank upgraded shares of Intuit to a “hold” rating in a report on Monday, April 27th. Argus cut their price target on shares of Intuit from $780.00 to $580.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings cut shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Wall Street Zen cut Intuit from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, KeyCorp lowered their price target on Intuit from $750.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Intuit presently has an average rating of “Moderate Buy” and an average target price of $634.26.

Intuit Stock Performance

INTU opened at $393.79 on Monday. The business’s 50-day simple moving average is $416.74 and its 200 day simple moving average is $532.27. Intuit has a 52-week low of $342.11 and a 52-week high of $813.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $108.90 billion, a PE ratio of 25.58, a PEG ratio of 1.59 and a beta of 1.04.

Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.47. The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The business’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $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, sell-side analysts expect that Intuit will post 17.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $440.40, for a total transaction of $146,653.20. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Joseph Group Capital Management bought a new position in Intuit in the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of Intuit during the fourth quarter worth $25,000. HHM Wealth Advisors LLC grew its stake in shares of Intuit by 75.0% during the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker’s stock worth $30,000 after buying an additional 30 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Intuit during the first quarter worth $30,000. Finally, MTM Investment Management LLC lifted its stake in shares of Intuit by 135.0% in the 3rd quarter. MTM Investment Management LLC now owns 47 shares of the software maker’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

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.