TD Cowen Issues Pessimistic Forecast for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its price objective decreased by equities research analysts at TD Cowen from $576.00 to $504.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the software maker’s stock. TD Cowen’s price target suggests a potential upside of 62.84% from the company’s current price.

A number of other brokerages have also weighed in on INTU. UBS Group dropped their price objective on Intuit from $440.00 to $360.00 and set a “neutral” rating on the stock in a report on Thursday. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stifel Nicolaus lowered their price target on shares of Intuit from $500.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group cut their price target on shares of Intuit from $650.00 to $550.00 and set a “buy” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Intuit from $750.00 to $605.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Twenty-five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.00.

Intuit Stock Performance

NASDAQ INTU traded up $2.44 during trading hours on Thursday, hitting $309.51. 2,884,959 shares of the stock were exchanged, compared to its average volume of 3,831,514. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. The company has a market cap 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. Intuit has a 12-month low of $302.36 and a 12-month high of $813.70. The stock has a 50-day moving average of $405.96 and a 200 day moving average of $511.86.

Intuit (NASDAQ:INTU) last announced its quarterly earnings data on Wednesday, May 20th. The software maker reported $12.80 earnings per share for the quarter, beating analysts’ consensus estimates of $12.57 by $0.23. The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. Intuit had a return on equity of 25.59% and a net margin of 21.91%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $11.65 EPS. 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 research analysts forecast that Intuit will post 17.44 earnings per share for the current year.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of Intuit 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 sale, the director owned 13,253 shares in the company, valued at $5,836,621.20. The trade was a 2.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

A number of hedge funds have recently made changes to their positions in INTU. Brighton Jones LLC lifted its stake in shares of Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Intuit by 145.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after acquiring an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. acquired a new stake in Intuit during the 1st quarter valued at approximately $785,564,000. Sivia Capital Partners LLC grew its position in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock worth $698,000 after buying an additional 166 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in shares of Intuit by 12.2% in the 2nd quarter. Florida Financial Advisors LLC now owns 470 shares of the software maker’s stock worth $370,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Intuit News

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.