Intuit (NASDAQ:INTU) Price Target Cut to $425.00 by Analysts at Wells Fargo & Company

Intuit (NASDAQ:INTU) had its target price lowered by Wells Fargo & Company from $700.00 to $425.00 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has an equal weight rating on the software maker’s stock.

A number of other analysts have also recently weighed in on the stock. Daiwa Securities Group upped their price target on shares of Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Jefferies Financial Group set a $650.00 target price on Intuit in a research report on Sunday. Weiss Ratings downgraded Intuit from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, February 5th. Barclays reduced their price target on Intuit from $785.00 to $540.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, BMO Capital Markets lowered their price objective on shares of Intuit from $810.00 to $624.00 and set an “outperform” rating for the company in a research report on Tuesday, February 10th. Twenty-two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intuit presently has a consensus rating of “Moderate Buy” and a consensus target price of $726.18.

Intuit Price Performance

INTU opened at $358.71 on Tuesday. Intuit has a 52-week low of $349.00 and a 52-week high of $813.70. The company has a 50 day moving average of $542.43 and a two-hundred day moving average of $623.39. The company has a market cap of $99.82 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.47 and a beta of 1.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.28.

Insiders Place Their Bets

In other news, Director Richard L. Dalzell sold 333 shares of the firm’s stock in a transaction that occurred on 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 owned 13,476 shares of the company’s stock, valued at approximately $8,893,486.20. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total transaction of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 388,464 shares of company stock valued at $255,514,393. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Intuit

Large investors have recently modified their holdings of the stock. Tortoise Investment Management LLC lifted its holdings in Intuit by 540.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 32 shares of the software maker’s stock worth $25,000 after buying an additional 27 shares during the last quarter. Joseph Group Capital Management acquired a new stake in shares of Intuit during the 4th quarter valued at approximately $25,000. Intesa Sanpaolo Wealth Management bought a new position in Intuit during the fourth quarter worth $25,000. Westside Investment Management Inc. lifted its stake in 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 purchasing an additional 21 shares during the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Intuit in the second quarter worth $28,000. Institutional investors own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Anthropic partnership — Intuit announced a multi-year tie-up with AI firm Anthropic to build customizable AI agents for QuickBooks/TurboTax and to embed Intuit financial tools into Anthropic products; this deal is being framed as a meaningful step in Intuit’s AI roadmap and helped lift the stock earlier in the session. TipRanks: Intuit Stock Jumps
• Positive Sentiment: Partnership coverage and rollout timing — Coverage reports (PYMNTS, CNBC) add that the companies will start rolling out AI agent experiences in the spring and that Anthropic’s broader partner announcements are lifting software sector sentiment. This supports Intuit’s strategy to accelerate AI features across its ecosystem. PYMNTS: Intuit and Anthropic
• Positive Sentiment: Analyst bullishness — William Blair reiterated a Buy rating, saying the Anthropic partnership strengthens Intuit’s AI roadmap and competitive moat; that institutional endorsement helps underpin the recent uptick. TipRanks: Analyst Note
• Neutral Sentiment: Q2 earnings setup — Analysts expect double‑digit revenue growth for fiscal Q2 with continued momentum across QuickBooks, TurboTax and Credit Karma; upcoming earnings could be a catalyst either way depending on guidance and AI monetization comments. Zacks: Q2 Preview
• Neutral Sentiment: Sector framing — Market commentary argues the software sell-off is separating AI winners from losers; Intuit is cited as a software leader with durable moats, but the piece is more thematic than company‑specific near‑term guidance. MarketBeat: Late-Stage Bull Market
• Negative Sentiment: Analyst price-target cuts — Several firms trimmed Intuit price targets (Wells Fargo to $425, Barclays to $540, BNP Paribas to $340, Susquehanna to $720), reflecting lower near-term expectations and contributing to selling pressure. MarketScreener: Wells Fargo PT
• Negative Sentiment: Technical/valuation stress — The stock recently touched a 52‑week low amid the broader software correction; high short-term volatility and a price now well below recent highs increase downside risk until earnings or clear AI monetization evidence arrives. Investing.com: 52-Week Low

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.