Intuit (NASDAQ:INTU) Rating Lowered to Neutral at JPMorgan Chase & Co.

Key Points

• JPMorgan downgraded Intuit to “neutral” from “overweight” and set a $331 price target, implying roughly 7.4% downside from the prior close.
• Analyst sentiment is mixed, with a consensus “hold” rating and average price target of $437.06; 18 analysts rate the stock a buy, 10 a hold, and three a sell.
• Intuit exceeded quarterly earnings and revenue expectations, but its fiscal 2027 outlook fell below consensus estimates, reflecting concerns about slowing growth, TurboTax pricing pressure and increased AI competition.

Intuit (NASDAQ:INTU - Get Free Report) was downgraded by JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Wednesday. They presently have a $331.00 target price on the software maker's stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 7.40% from the company's previous close.

A number of other research analysts have also weighed in on the company. BNP Paribas Exane decreased their target price on Intuit from $463.00 to $315.00 and set a "neutral" rating on the stock in a report on Thursday, May 21st. Mizuho cut their price target on Intuit from $500.00 to $430.00 and set an "outperform" rating for the company in a report on Monday, August 17th. Weiss Ratings cut shares of Intuit from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, June 11th. Argus decreased their price objective on shares of Intuit from $580.00 to $480.00 and set a "buy" rating on the stock in a report on Friday, May 22nd. Finally, Piper Sandler increased their price objective on shares of Intuit from $250.00 to $290.00 and gave the company an "underweight" rating in a research report on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, Intuit presently has a consensus rating of "Hold" and an average target price of $437.06.

Intuit Trading Down 3.4%

Shares of NASDAQ:INTU opened at $357.46 on Wednesday. Intuit has a 52-week low of $252.84 and a 52-week high of $705.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $97.78 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The company has a 50-day simple moving average of $302.38 and a 200 day simple moving average of $357.99.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business's revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. Sell-side analysts forecast that Intuit will post 18.19 earnings per share for the current year.

Insider Transactions at Intuit

In related news, Director Richard L. Dalzell sold 284 shares of the business's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director directly owned 11,758 shares in the company, valued at $3,084,358.56. The trade was a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,239 shares of company stock valued at $348,354. Insiders own 2.49% of the company's stock.

Institutional Investors Weigh In On Intuit

Hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Investment Management Inc. raised its holdings in Intuit by 522.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 51,697 shares of the software maker's stock valued at $34,852,000 after acquiring an additional 43,389 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Intuit by 20.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,791,212 shares of the software maker's stock worth $1,848,954,000 after acquiring an additional 471,451 shares during the period. Vestcor Inc grew its position in shares of Intuit by 79.1% in the fourth quarter. Vestcor Inc now owns 20,717 shares of the software maker's stock valued at $13,723,000 after purchasing an additional 9,148 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Intuit by 119.5% in the first quarter. Janney Montgomery Scott LLC now owns 86,618 shares of the software maker's stock valued at $37,452,000 after purchasing an additional 47,148 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Intuit by 13.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 59,974 shares of the software maker's stock valued at $39,728,000 after purchasing an additional 6,999 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company's stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted earnings of $4.03 per share also exceeded expectations of approximately $3.58, while fiscal 2026 revenue reached $21.45 billion. Intuit fiscal fourth-quarter earnings report
• Positive Sentiment: The board approved a quarterly dividend of $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder returns and potential support for earnings per share. Intuit dividend announcement
• Neutral Sentiment: Management said it is prioritizing customer acquisition and market-share gains, including a better price-value proposition, which could support longer-term growth but may reduce near-term revenue and margins.
• Neutral Sentiment: Intuit highlighted adoption of its AI tools, with 75% of enterprise customers reportedly using AI agents monthly. However, management also acknowledged growing AI competition, making the technology strategy an important execution risk. Intuit AI customer adoption
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies slower growth of roughly 9% to 10%, below Wall Street expectations. Adjusted EPS guidance of $22.88 to $23.12 also fell well short of the supplied consensus estimate of $26.04; first-quarter guidance was similarly below expectations. Reuters report on Intuit's annual forecast
• Negative Sentiment: Cost-conscious customers are leaving TurboTax because of pricing, while TurboTax revenue grew only 3% in the quarter. The CEO said Intuit is working on lower-cost offerings, but that strategy could pressure near-term sales. MarketWatch report on TurboTax pricing
• Negative Sentiment: Mailchimp is being reported as a separately disclosed business with an outlook for zero growth, adding to concerns about Intuit’s slowing expansion and competitive position. Multiple law firms have also announced securities lawsuits tied to alleged disclosures about TurboTax, AI growth and competitive risks, creating an additional overhang.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source