Wall Street Zen Downgrades Intuit (NASDAQ:INTU) to Hold

Key Points

• Wall Street Zen downgraded Intuit (NASDAQ:INTU) from a Buy to a Hold rating.
• Intuit posted an EPS beat with $4.15 vs. $3.68 expected and revenue of $4.65B (up 17.4% YoY), and set Q3 FY2026 guidance of 12.450–12.510 EPS and FY2026 guidance of 22.980–23.180 EPS.
• Several analysts have cut price targets (Citigroup to $649 from $803; Goldman to $519 from $720), but the consensus remains a Moderate Buy with an average target of $636.10.

Intuit (NASDAQ:INTU - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Erste Group Bank upgraded shares of Intuit to a "hold" rating in a research note on Monday, April 27th. BNP Paribas Exane upgraded shares of Intuit from an "underperform" rating to a "neutral" rating and set a $463.00 target price for the company in a research note on Monday, March 16th. TD Cowen restated a "buy" rating on shares of Intuit in a research note on Monday, March 16th. Citigroup lowered their target price on shares of Intuit from $803.00 to $649.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, The Goldman Sachs Group lowered their target price on shares of Intuit from $720.00 to $519.00 and set a "neutral" rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Intuit has a consensus rating of "Moderate Buy" and an average target price of $636.10.

Intuit Price Performance

Shares of INTU opened at $399.00 on Friday. The company has a 50 day moving average price of $414.84 and a 200-day moving average price of $539.33. Intuit has a fifty-two week low of $342.11 and a fifty-two week high of $813.70. The stock has a market capitalization of $110.34 billion, a PE ratio of 25.84, a PEG ratio of 1.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.32 and a current ratio of 1.32.

Intuit (NASDAQ:INTU - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.23%. The firm had revenue of $4.65 billion during the quarter, compared to analysts' expectations of $4.53 billion. During the same quarter in the prior year, the company earned $3.32 EPS. The company's revenue was up 17.4% compared to the same quarter last year. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. Equities analysts predict that Intuit will post 17.44 earnings per share for the current fiscal year.

Insider Activity

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the firm's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $440.40, for a total value of $146,653.20. Following the completion of the transaction, the director owned 13,253 shares of the company's stock, valued at approximately $5,836,621.20. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.49% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INTU. Joseph Group Capital Management purchased a new position in shares of Intuit in the fourth quarter worth $25,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of Intuit in the fourth quarter worth $25,000. HHM Wealth Advisors LLC raised its holdings in shares of Intuit by 75.0% in the first quarter. HHM Wealth Advisors LLC now owns 70 shares of the software maker's stock worth $30,000 after buying an additional 30 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Intuit in the first quarter worth $30,000. Finally, MTM Investment Management LLC raised its holdings in shares of Intuit by 135.0% in the third quarter. MTM Investment Management LLC now owns 47 shares of the software maker's stock worth $32,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 83.66% of the company's stock.

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.

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.