Argus Lowers Intuit (NASDAQ:INTU) Price Target to $580.00

Intuit (NASDAQ:INTU) had its price objective decreased by equities research analysts at Argus from $780.00 to $580.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the software maker’s stock. Argus’ price target suggests a potential upside of 24.25% from the company’s current price.

Several other research analysts have also issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Truist Financial started coverage on shares of Intuit in a research note on Tuesday, January 6th. They issued a “buy” rating and a $739.00 price objective on the stock. Independent Research set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Evercore restated an “outperform” rating and issued a $875.00 price target on shares of Intuit in a research report on Tuesday, November 18th. Finally, Barclays decreased their price objective on Intuit from $785.00 to $540.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six 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 a consensus target price of $648.73.

Intuit Stock Up 6.1%

Shares of INTU opened at $466.79 on Wednesday. The business’s fifty day moving average price is $507.32 and its two-hundred day moving average price is $610.47. The firm has a market capitalization of $129.09 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.79 and a beta of 1.26. Intuit has a 52 week low of $349.00 and a 52 week high of $813.70. 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) last issued its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.47. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.32 earnings per share. Intuit has set its Q3 2026 guidance at 12.450-12.510 EPS and its FY 2026 guidance at 22.980-23.180 EPS. On average, analysts predict that Intuit will post 14.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the transaction, the chief executive officer directly owned 13,611 shares in the company, valued at approximately $8,848,511.10. The trade was a 75.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the sale, the director directly owned 5,669,584 shares of the company’s stock, valued at approximately $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 269,596 shares of company stock valued at $178,119,764 in the last three months. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INTU. Tortoise Investment Management LLC lifted its position in Intuit by 540.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock valued at $25,000 after acquiring an additional 27 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of Intuit in the fourth quarter valued at about $25,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Intuit during the fourth quarter worth about $25,000. Westside Investment Management Inc. boosted its position in shares of Intuit by 161.5% during the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock worth $27,000 after buying an additional 21 shares during the period. Finally, Sagard Holdings Management Inc. bought a new position in shares of Intuit during the second quarter worth about $28,000. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Intuit News

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Sector rotation into software lifted demand for beaten-down software names, putting Intuit among the S&P 500’s top performers and supporting the stock’s rally. Tech Rotation Swings Back Toward Software
• Positive Sentiment: News coverage says investors are looking past AI-disruption fears and rewarding Intuit for strong fundamentals and attractive valuation, a narrative that directly supports buying interest. Why Intuit (INTU) Stock Is Up Today
• Positive Sentiment: Intuit’s recent earnings beat and raised guidance (Q2 FY2026 results) continue to underpin the bull case — investors cite strong revenue/earnings execution despite sector AI debates. Intuit Inc. (INTU) Posts Strong Earnings Amid Sector-Wide AI Concerns
• Positive Sentiment: Intuit announced a broad AI partnership with Anthropic to build customizable AI agents for mid-market customers — this signals a concrete product roadmap for AI monetization and integration across tax, accounting and SMB tools. Intuit Anthropic AI Agents Aim To Deepen Mid Market Integration
• Positive Sentiment: Analyst upgrades and bullish notes (Argus upgrade to “strong-buy”, others reiterating buy) add support to momentum and investor confidence. Argus Upgrade / Zacks Coverage
• Neutral Sentiment: Partnerships and reseller deals (e.g., Mendelson named reseller of Intuit Enterprise Suite) provide steady commercial expansion but are incremental near-term drivers. Mendelson Consulting Named Official Reseller of Intuit Enterprise Suite
• Negative Sentiment: Multiple brokerages (Daiwa, TD Cowen, Mizuho, JPMorgan, Argus) have trimmed price targets recently — while many maintain Buy ratings, the lower targets signal reduced near-term upside and can cap the stock if earnings or AI execution disappoints. Daiwa Lowers INTU Price Target TD Cowen Cuts Price Target Mizuho Cuts Price Target

Intuit Company Profile

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.