Oppenheimer Has Lowered Expectations for Intuit (NASDAQ:INTU) Stock Price

Intuit (NASDAQ:INTU) had its target price dropped by equities researchers at Oppenheimer from $696.00 to $558.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price objective would suggest a potential upside of 36.42% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company lowered their price objective on Intuit from $700.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. BNP Paribas Exane decreased their target price on Intuit from $600.00 to $340.00 and set an “underperform” rating on the stock in a research note on Monday, February 23rd. Truist Financial initiated coverage on Intuit in a report on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price target on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Intuit in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. decreased 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. Twenty-three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $660.07.

Intuit Price Performance

INTU stock opened at $409.03 on Friday. The firm has a 50 day moving average of $526.10 and a 200-day moving average of $617.39. The firm has a market capitalization of $113.82 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Intuit has a 12 month low of $349.00 and a 12 month high of $813.70. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28.

Intuit (NASDAQ:INTU) last posted its earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. Intuit had a net margin of 21.57% and a return on equity of 24.02%. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the prior year, the firm posted $3.32 EPS. Intuit’s revenue was up 17.4% on a year-over-year basis. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. As a group, sell-side analysts predict that Intuit will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuit

In other Intuit news, Director Richard L. Dalzell sold 333 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $659.95, for a total transaction of $219,763.35. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 in the company, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 388,464 shares of company stock worth $255,514,393 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Intuit

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

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 results beat: Intuit reported stronger-than-expected fiscal Q2 results — revenue grew ~17% and EPS topped consensus, and the company reaffirmed its FY26 revenue and EPS framework (FY26 EPS guide ~22.98–23.18). This confirms ongoing growth momentum and investor confidence in underlying businesses. Intuit Tops Q2 Earnings, Reaffirms FY26 Growth Outlook Amid AI Push
• Positive Sentiment: AI positioning: Management and analysts highlight Intuit’s AI investments (TurboTax, QuickBooks, Credit Karma integrations) as a structural tailwind — executives say AI is fueling the next growth phase and should deepen switching costs rather than displace the business. Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
• Positive Sentiment: Board signals confidence with dividend: Intuit declared a quarterly cash dividend of $1.20 per share (record April 9, pay April 17), underscoring cash generation and capital return policy. This supports income-oriented investor demand. Intuit Board Declares Cash Dividend, Signals Ongoing Confidence
• Neutral Sentiment: Analyst target updates mixed: Several firms trimmed price targets (Goldman, JPMorgan, Oppenheimer, RBC, others) but most maintained Buy/Outperform/Overweight stances — signaling caution on near-term multiple expansion while still backing the longer-term thesis. Monitor how these revisions affect sentiment and flows. Goldman Sachs adjusts price target on Intuit to $519 from $720; maintains neutral rating
• Negative Sentiment: Soft near-term guidance & higher marketing spend: Intuit’s Q3 guidance was softer than some expected — management flagged elevated marketing investment for peak U.S. tax season that will weigh on near-term margins and profit expectations, which triggered short-term selling pressure across headlines. Intuit Shares Tumble Despite Earnings Beat as Tax Season Outlook Disappoints
• Negative Sentiment: Market reaction: Despite the beat, coverage and write-ups emphasize the softer FQ3 outlook and tax-season margin pressure — multiple headlines note the stock initially slid after hours, reflecting sensitivity to forward guidance versus reported results. Investors should watch guidance execution and marketing ROI. Intuit Logs Higher Second-Quarter Profit, Gives Soft Third-Quarter Outlook

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.