Barclays Cuts Intuit (NASDAQ:INTU) Price Target to $785.00

Key Points

• Barclays has lowered its price target for Intuit (NASDAQ:INTU) from $815.00 to $785.00, while maintaining an "overweight" rating, suggesting a potential upside of 12.50% from the current stock price.
• Several research firms have set varying price targets for Intuit, with estimates ranging from $725.00 to $880.00, indicating a generally positive outlook among analysts.
• Intuit reported better-than-expected quarterly earnings, with $2.75 EPS against a consensus estimate of $2.66, and a revenue of $3.83 billion, showing a year-over-year growth of 20.3%.

Intuit (NASDAQ:INTU - Get Free Report) had its target price dropped by Barclays from $815.00 to $785.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the software maker's stock. Barclays's price objective indicates a potential upside of 12.50% from the company's current price.

INTU has been the subject of a number of other research reports. Jefferies Financial Group set a $850.00 price target on Intuit and gave the stock a "buy" rating in a report on Friday, May 23rd. Wall Street Zen raised Intuit from a "hold" rating to a "buy" rating in a report on Tuesday, April 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $850.00 price target (up previously from $760.00) on shares of Intuit in a report on Friday, May 23rd. Stifel Nicolaus upped their price target on Intuit from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $880.00 price target on Intuit and gave the stock an "overweight" rating in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have assigned a Hold rating and one has assigned 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 price target of $804.86.

Intuit Stock Performance

Shares of INTU stock opened at $697.76 on Friday. The stock has a market cap of $194.64 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 2.69 and a beta of 1.28. The business has a 50-day simple moving average of $758.91 and a 200-day simple moving average of $673.86. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.29. Intuit has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. Intuit had a return on equity of 21.46% and a net margin of 19.07%.The company's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 EPS. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, equities analysts expect that Intuit will post 14.09 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Sandeep Aujla sold 2,591 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $782.22, for a total value of $2,026,732.02. Following the completion of the sale, the chief financial officer directly owned 768 shares in the company, valued at $600,744.96. This represents a 77.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alex G. Balazs sold 882 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,800 shares of company stock valued at $209,725,054. Insiders own 2.68% of the company's stock.

Institutional Investors Weigh In On Intuit

Large investors have recently made changes to their positions in the stock. Copia Wealth Management acquired a new position in Intuit in the fourth quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its holdings in Intuit by 540.0% in the second quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker's stock valued at $25,000 after acquiring an additional 27 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker's stock valued at $27,000 after acquiring an additional 21 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Intuit in the fourth quarter valued at approximately $28,000. Finally, Dogwood Wealth Management LLC lifted its holdings in Intuit by 111.8% in the second quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker's stock valued at $28,000 after acquiring an additional 19 shares during the last quarter. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

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