Intuit (NASDAQ:INTU) Rating Lowered to “Equal Weight” at Wells Fargo & Company

Intuit (NASDAQ:INTU) was downgraded by Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research note issued on Thursday, Marketbeat.com reports. They currently have a $700.00 price target on the software maker’s stock, down from their prior price target of $840.00. Wells Fargo & Company‘s target price suggests a potential upside of 8.21% from the stock’s current price.

Several other brokerages also recently issued reports on INTU. BMO Capital Markets reduced their price target on shares of Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a report on Friday, November 21st. TD Cowen assumed coverage on shares of Intuit in a research report on Thursday. They issued a “buy” rating and a $802.00 target price for the company. Truist Financial initiated coverage on shares of Intuit in a research note on Tuesday. They issued a “buy” rating and a $739.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $850.00 price objective on shares of Intuit in a research report on Friday, November 21st. Finally, Rothschild & Co Redburn raised their target price on Intuit from $560.00 to $670.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit has an average rating of “Moderate Buy” and an average target price of $790.00.

Intuit Stock Performance

Shares of NASDAQ INTU opened at $646.90 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $656.34 and its two-hundred day moving average price is $691.37. Intuit has a 52-week low of $532.65 and a 52-week high of $813.70. The stock has a market capitalization of $180.01 billion, a P/E ratio of 44.22, a P/E/G ratio of 2.67 and a beta of 1.25.

Intuit (NASDAQ:INTU) last announced its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.25. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the prior year, the firm earned $2.50 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. As a group, sell-side analysts forecast that Intuit will post 14.09 earnings per share for the current year.

Insider Transactions at Intuit

In other news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $659.95, for a total value of $219,763.35. Following the completion of the sale, the director owned 13,476 shares in the company, valued at $8,893,486.20. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer directly owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This represents a 75.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 over the last 90 days. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Intuit

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Asset Advisory Services LLC grew its position in Intuit by 12.8% in the fourth quarter. Capital Asset Advisory Services LLC now owns 4,971 shares of the software maker’s stock worth $3,217,000 after buying an additional 563 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Intuit by 90.1% in the 4th quarter. SG Americas Securities LLC now owns 248,030 shares of the software maker’s stock worth $164,300,000 after acquiring an additional 117,570 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Intuit by 155.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 270,840 shares of the software maker’s stock worth $179,410,000 after purchasing an additional 164,802 shares during the period. Affinity Capital Advisors LLC acquired a new stake in shares of Intuit during the fourth quarter worth $206,000. Finally, Carr Financial Group Corp purchased a new stake in shares of Intuit during the fourth quarter valued at $252,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: TD Cowen initiated coverage with a “buy” and a $802 price target — a prominent bullish call that can attract momentum and institutional interest. TD Cowen Buy on Intuit
• Positive Sentiment: Truist began coverage with a “buy” and $739 target, another institutional endorsement supporting demand among growth investors. Truist Initiates on Intuit
• Positive Sentiment: Media coverage of Intuit’s SMB Media Labs at CES highlights potential new advertising/media revenue for small-business customers — a strategic growth narrative beyond core tax and accounting products. Intuit SMB MediaLabs at CES
• Neutral Sentiment: Analyst roundups and coverage (Zacks, 24/7 Wall St.) largely reiterate existing bullish sentiment and recap recent calls — helpful for market tone but not new fundamentals. Zacks: Wall Street Views on Intuit
• Neutral Sentiment: Company announced a $1.20 quarterly dividend (ex-dividend/record timing noted in filings) — supports yield narrative but is expected and modest versus growth drivers. MarketBeat Intuit Summary
• Negative Sentiment: Wells Fargo cut Intuit from “overweight” to “equal weight” and trimmed its price target to $700 (from $840) — a notable downgrade that lowers near-term analyst support. Wells Fargo Downgrade
• Negative Sentiment: CEO Sasan Goodarzi sold 41,000 shares (~$26.65M at ~$650.10) on Jan. 7, cutting his direct holding by ~75% — a large insider disposition that can weigh on sentiment even if for personal/planned-liquidity reasons. SEC Form 4 – Goodarzi Sale
• Negative Sentiment: CFO Sandeep Aujla also recently sold shares (~1,335 shares), another insider sale that can add to near-term selling pressure. SEC Form 4 – Aujla Sale

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.