Rothschild & Co Redburn Forecasts Strong Price Appreciation for Intuit (NASDAQ:INTU) Stock

Key Points

• Rothschild & Co Redburn raised its price target for Intuit from $560 to $670 but maintains a "neutral" rating, indicating a potential downside of 4.17% from current levels.
• Intuit recently reported a quarterly EPS of $2.75, surpassing estimates, with revenues of $3.83 billion, a year-over-year increase of 20.3%.
• Institutional investors recently increased their stakes in Intuit, with Norges Bank investing approximately $3.27 billion in the second quarter.

Intuit (NASDAQ:INTU - Get Free Report) had its price objective hoisted by equities research analysts at Rothschild & Co Redburn from $560.00 to $670.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has a "neutral" rating on the software maker's stock. Rothschild & Co Redburn's price objective suggests a potential downside of 4.17% from the company's current price.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Intuit from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. BMO Capital Markets lifted their price target on shares of Intuit from $820.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wells Fargo & Company set a $880.00 target price on Intuit and gave the stock an "overweight" rating in a research report on Friday, June 13th. KeyCorp dropped their price target on Intuit from $850.00 to $825.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Citigroup cut their target price on shares of Intuit from $815.00 to $803.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $791.82.

Intuit Trading Down 0.4%

INTU opened at $699.16 on Tuesday. The stock has a market cap of $194.93 billion, a PE ratio of 51.24, a price-to-earnings-growth ratio of 2.66 and a beta of 1.26. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.30. Intuit has a twelve month low of $532.65 and a twelve month high of $813.70. The company has a fifty day moving average of $714.44 and a 200-day moving average of $686.73.

Intuit (NASDAQ:INTU - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The business had revenue of $3.83 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the company posted $1.99 earnings per share. The business's quarterly revenue was up 20.3% on a year-over-year basis. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. On average, sell-side analysts predict that Intuit will post 14.09 EPS for the current year.

Insider Buying and Selling at Intuit

In other Intuit news, EVP Alex G. Balazs sold 882 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $781.63, for a total value of $689,397.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lauren D. Hotz sold 1,738 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $784.09, for a total value of $1,362,748.42. Following the completion of the transaction, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $356,760.95. This trade represents a 79.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,879 shares of company stock worth $7,558,613. 2.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Intuit in the second quarter worth approximately $3,268,830,000. GAMMA Investing LLC boosted its stake in shares of Intuit by 69,701.9% in the 1st quarter. GAMMA Investing LLC now owns 2,825,582 shares of the software maker's stock worth $17,348,790,000 after buying an additional 2,821,534 shares during the last quarter. Nuveen LLC purchased a new stake in Intuit during the first quarter valued at $882,031,000. Nicholas Hoffman & Company LLC. bought a new position in Intuit in the first quarter valued at about $785,564,000. Finally, Winslow Capital Management LLC purchased a new position in Intuit in the second quarter worth about $782,677,000. Institutional investors own 83.66% of the company's stock.

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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