Intuit (NASDAQ:INTU) Price Target Cut to $540.00 by Analysts at Barclays

Intuit (NASDAQ:INTU) had its price target reduced by Barclays from $785.00 to $540.00 in a report issued on Monday,MarketScreener reports. Barclays currently has an overweight rating on the software maker’s stock.

Several other research firms have also weighed in on INTU. The Goldman Sachs Group began coverage on Intuit in a report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target on the stock. Jefferies Financial Group set a $650.00 price objective on shares of Intuit in a research report on Sunday. Oppenheimer lowered their target price on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $700.00 price target (down from $840.00) on shares of Intuit in a research note on Thursday, January 8th. Finally, BMO Capital Markets cut their price target on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating on the stock in a report on Tuesday, February 10th. Twenty-two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Intuit has a consensus rating of “Moderate Buy” and an average price target of $736.59.

Intuit Trading Down 5.5%

Shares of INTU stock opened at $359.55 on Monday. The company has a market cap of $100.05 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. Intuit has a 1 year low of $349.00 and a 1 year high of $813.70. The stock’s 50 day simple moving average is $548.64 and its two-hundred day simple moving average is $626.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39.

Insider Activity at Intuit

In other news, Director Scott D. Cook sold 1,402 shares of Intuit stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total transaction of $936,564.04. Following the completion of the sale, the director owned 5,668,182 shares of the company’s stock, valued at approximately $3,786,458,939.64. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the transaction, the chief financial officer directly owned 536 shares in the company, valued at approximately $337,390.56. This trade represents a 71.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 388,464 shares of company stock worth $255,514,393. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock worth $2,233,000 after acquiring an additional 1,350 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Intuit by 145.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after purchasing an additional 482 shares during the period. Nicholas Hoffman & Company LLC. purchased a new stake in shares of Intuit in the 1st quarter worth approximately $785,564,000. Sivia Capital Partners LLC boosted its stake in shares of Intuit by 23.1% during the second quarter. Sivia Capital Partners LLC now owns 886 shares of the software maker’s stock valued at $698,000 after purchasing an additional 166 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in Intuit by 20.6% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 954 shares of the software maker’s stock valued at $751,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

More Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit is accelerating its AI strategy with an enterprise-suite push that could expand high-margin, subscription revenue and deepen enterprise customer relationships. Intuit Inc. (INTU) Expands AI Strategy With Enterprise Suite Push
• Positive Sentiment: Intuit expanded its partnership with Wix, extending Mailchimp integrations that can drive customer acquisition and revenue for small-business marketing services. Intuit Inc. (INTU) Expands Partnership with Wix
• Neutral Sentiment: Barclays cut its price target to $540 (from $785) but kept an Overweight rating — a sign analysts still see upside while trimming near-term expectations. Barclays adjusts price target on Intuit
• Neutral Sentiment: Zacks published a preview digging into Q2 (ended Jan 2026) metric expectations — useful for monitoring whether revenue growth, margins, or subscription metrics beat or miss consensus when Intuit reports. Unlocking Q2 Potential of Intuit (INTU)
• Neutral Sentiment: Broader tech weakness and MarketBeat commentary on the NASDAQ being oversold — which highlighted Intuit among deeply pulled-back software names — helps explain selling pressure but also frames potential upside if sentiment reverses.
• Negative Sentiment: BNP Paribas slashed its target to $340 (from $600) and kept an Underperform rating — an explicitly negative analyst signal that likely pressured the stock today. BNP Paribas adjusts price target on Intuit

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.