Daiwa Securities Group Cuts Intuit (NASDAQ:INTU) Price Target to $500.00

Key Points

• Daiwa Securities Group cut its price target on Intuit from $640 to $500, but kept a buy rating on the stock.
• Several other analysts also lowered their targets recently, yet the broader Wall Street view remains constructive with 24 Buy ratings and a consensus target of $525.65.
• Intuit reported solid quarterly results, beating EPS and revenue estimates and raising guidance, even as the stock traded around $311.74 after a recent pullback.

Intuit (NASDAQ:INTU - Get Free Report) had its price target decreased by equities research analysts at Daiwa Securities Group from $640.00 to $500.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage presently has a "buy" rating on the software maker's stock. Daiwa Securities Group's price objective points to a potential upside of 60.39% from the company's previous close.

Several other research firms have also weighed in on INTU. Northcoast Research lowered their price target on Intuit from $575.00 to $465.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Stifel Nicolaus reduced their target price on Intuit from $500.00 to $375.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. JPMorgan Chase & Co. dropped their price objective on shares of Intuit from $750.00 to $605.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Freedom Capital downgraded shares of Intuit from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Finally, Truist Financial cut their price objective on shares of Intuit from $500.00 to $410.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Twenty-four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $525.65.

Intuit Stock Up 2.4%

INTU traded up $7.39 during trading on Wednesday, reaching $311.74. The company had a trading volume of 4,201,537 shares, compared to its average volume of 3,995,564. Intuit has a 12 month low of $300.50 and a 12 month high of $813.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.45. The business's fifty day moving average price is $398.54 and its 200 day moving average price is $504.48. The company has a market cap of $85.27 billion, a P/E ratio of 18.86, a PEG ratio of 1.24 and a beta of 1.04.

Intuit (NASDAQ:INTU - Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The software maker reported $12.80 EPS for the quarter, beating analysts' consensus estimates of $12.57 by $0.23. Intuit had a return on equity of 25.18% and a net margin of 21.91%.The company had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.54 billion. During the same period in the previous year, the company posted $11.65 earnings per share. The company's quarterly revenue was up 10.4% compared to the same quarter last year. Intuit has set its Q4 2026 guidance at 3.560-3.620 EPS and its FY 2026 guidance at 23.800-23.850 EPS. Equities analysts anticipate that Intuit will post 17.49 EPS for the current year.

Insider Activity at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total transaction of $146,653.20. Following the completion of the transaction, the director directly owned 13,253 shares in the company, valued at approximately $5,836,621.20. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vasant M. Prabhu bought 500 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $309.71 per share, with a total value of $154,855.00. Following the completion of the transaction, the director directly owned 1,750 shares of the company's stock, valued at approximately $541,992.50. The trade was a 40.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Intuit

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Intuit by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 28,918,438 shares of the software maker's stock worth $19,156,152,000 after buying an additional 296,448 shares during the period. State Street Corp grew its holdings in Intuit by 1.4% in the fourth quarter. State Street Corp now owns 13,062,848 shares of the software maker's stock worth $8,653,092,000 after purchasing an additional 180,069 shares during the period. Geode Capital Management LLC increased its stake in Intuit by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 6,614,539 shares of the software maker's stock valued at $4,369,488,000 after purchasing an additional 87,451 shares in the last quarter. Morgan Stanley raised its holdings in shares of Intuit by 1.2% during the fourth quarter. Morgan Stanley now owns 5,100,857 shares of the software maker's stock valued at $3,378,912,000 after purchasing an additional 60,910 shares during the period. Finally, Norges Bank bought a new position in shares of Intuit during the 4th quarter worth about $3,058,407,000. Institutional investors own 83.66% of the company's stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Bank of America initiated coverage on Intuit with a Buy rating and a $400 price target, signaling Wall Street still sees meaningful upside from current levels.
• Positive Sentiment: Director Vasant Prabhu bought additional INTU shares in two recent transactions, a notable insider vote of confidence after the stock’s drop.
• Positive Sentiment: Several recent analyst pieces remained constructive on Intuit’s long-term case, citing strong TurboTax demand, growth in TurboTax Live, and Intuit’s broader push into AI-powered financial tools.
• Neutral Sentiment: Intuit’s latest earnings were solid overall, with revenue and EPS slightly beating estimates and full-year guidance raised, but that has been overshadowed by the market’s reaction to pricing concerns.
• Negative Sentiment: Multiple law firms have launched or promoted securities-fraud investigations into Intuit over alleged misstatements about TurboTax pricing, keeping legal overhang front and center. PR Newswire investigation notice
• Negative Sentiment: Intuit also filed a notice for mass layoffs in California and Nevada, reinforcing investor concerns that the company is restructuring aggressively as it shifts toward AI. AOL article

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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