Truist Financial Issues Pessimistic Forecast for Intuit (NASDAQ:INTU) Stock Price

Key Points

• Truist Financial cut Intuit’s price target from $350 to $300 and maintained a “hold” rating, implying roughly 12% downside from the stock’s cited price of $342.17.
• Analyst sentiment remains mixed: Intuit has 18 “buy,” 10 “hold” and 3 “sell” ratings, with an average rating of “hold” and a consensus target of $435.06.
• Although quarterly revenue and EPS exceeded expectations, fiscal 2027 guidance fell below analyst forecasts, reflecting anticipated investments in customer growth, pricing pressure and a slower revenue-growth outlook.

Intuit (NASDAQ:INTU - Get Free Report) had its price target reduced by investment analysts at Truist Financial from $350.00 to $300.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the software maker's stock. Truist Financial's target price would suggest a potential downside of 12.32% from the stock's current price.

Several other analysts also recently commented on INTU. Barclays reduced their target price on shares of Intuit from $443.00 to $408.00 and set an "overweight" rating for the company in a report on Wednesday. Citigroup decreased their target price on Intuit from $591.00 to $457.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Bank of America lowered Intuit from a "buy" rating to a "neutral" rating and set a $360.00 target price on the stock. in a research note on Wednesday. Royal Bank Of Canada lowered their price objective on Intuit from $600.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, May 21st. Finally, Daiwa Securities Group lowered their price target on shares of Intuit from $640.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, May 27th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intuit presently has an average rating of "Hold" and a consensus target price of $435.06.

Intuit Stock Performance

Shares of NASDAQ INTU traded down $15.29 during midday trading on Wednesday, hitting $342.17. 5,186,048 shares of the company's stock were exchanged, compared to its average volume of 4,353,674. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $93.60 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. Intuit has a 12 month low of $252.84 and a 12 month high of $705.08. The company's 50 day moving average price is $302.38 and its 200 day moving average price is $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 (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.45. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the firm posted $2.75 EPS. The company's quarterly revenue was up 13.7% on a year-over-year basis. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, analysts predict that Intuit will post 18.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuit news, Director Richard L. Dalzell sold 338 shares of the company's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $279.86, for a total transaction of $94,592.68. Following the completion of the sale, the director directly owned 12,326 shares in the company, valued at $3,449,554.36. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,239 shares of company stock worth $348,354 in the last three months. 2.49% of the stock is owned by insiders.

Institutional Trading of Intuit

Several large investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Intuit in the second quarter valued at about $48,050,000. California State Teachers Retirement System lifted its holdings in shares of Intuit by 25,506.0% in the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker's stock worth $28,277,368,000 after acquiring an additional 107,919,292 shares during the last quarter. Studio Investment Management LLC boosted its stake in shares of Intuit by 62.4% in the 2nd quarter. Studio Investment Management LLC now owns 794 shares of the software maker's stock valued at $207,000 after purchasing an additional 305 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Intuit by 90.5% in the 2nd quarter. Wedmont Private Capital now owns 6,696 shares of the software maker's stock valued at $1,841,000 after purchasing an additional 3,181 shares in the last quarter. Finally, Saudi Central Bank grew its holdings in shares of Intuit by 88.5% during the 2nd quarter. Saudi Central Bank now owns 19,359 shares of the software maker's stock valued at $5,053,000 after purchasing an additional 9,088 shares during the last quarter. 83.66% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fourth-quarter revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations of approximately $3.58. Fiscal 2026 revenue reached $21.45 billion, while the company repurchased $5.5 billion of stock and approved a quarterly dividend of $1.38 per share. Intuit earnings results
• Positive Sentiment: Management said roughly 75% of enterprise customers use Intuit’s AI agents monthly, supporting the company’s strategy to expand Intuit Intelligence across QuickBooks and other products. Analysts remain divided, with Oppenheimer maintaining an “outperform” rating despite lowering its price target to $380. Intuit AI adoption
• Neutral Sentiment: Intuit’s fiscal 2027 revenue forecast of $23.28 billion to $23.51 billion implies approximately 9% to 10% growth, below the roughly $23.7 billion analyst consensus and the company’s 14% fiscal 2026 growth rate. Management described the slowdown as a deliberate “reset to reaccelerate” customer growth and gain market share.
• Neutral Sentiment: Analyst sentiment is mixed: Piper Sandler raised its target to $290 but kept an “underweight” rating, while Oppenheimer cut its target to $380 but retained “outperform.” This highlights uncertainty over Intuit’s growth trajectory and valuation. Analyst price target updates
• Negative Sentiment: The main catalyst for the decline is fiscal 2027 guidance: adjusted EPS guidance of $22.88 to $23.12 is well below the approximately $26.04 consensus, while first-quarter guidance also trails estimates. Intuit expects investments in customer acquisition, potentially lower pricing and market-share gains to weigh on near-term revenue and margins. Intuit annual forecast
• Negative Sentiment: TurboTax customer losses tied to pricing, heightened AI competition and expectations for zero growth at Mailchimp raise concerns about Intuit’s consumer-tax franchise and broader growth foundation. TurboTax customer losses
• Negative Sentiment: Several law firms have publicized securities class actions alleging that Intuit misrepresented TurboTax momentum, pricing pressures or AI-related risks. The September 8 lead-plaintiff deadline creates a legal overhang, although the allegations have not been proven. Intuit securities class action

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.

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