Intuit (NASDAQ:INTU) Given New $649.00 Price Target at Citigroup

Intuit (NASDAQ:INTU) had its target price decreased by research analysts at Citigroup from $803.00 to $649.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the software maker’s stock. Citigroup’s target price would suggest a potential upside of 67.16% from the stock’s previous close.

Several other analysts also recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Intuit from $800.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday. Independent Research set a $875.00 target price on shares of Intuit in a research report on Tuesday, November 18th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intuit in a research report on Wednesday, January 28th. Wells Fargo & Company dropped their target price on shares of Intuit from $700.00 to $425.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Weiss Ratings cut shares of Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 5th. Twenty-two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuit presently has an average rating of “Moderate Buy” and a consensus target price of $694.96.

Intuit Price Performance

INTU stock opened at $388.25 on Friday. The firm has a 50-day moving average of $531.35 and a 200 day moving average of $620.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $108.04 billion, a P/E ratio of 26.54, a PEG ratio of 1.56 and a beta of 1.24. Intuit has a 1 year low of $349.00 and a 1 year high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, February 26th. The software maker reported $4.15 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.47. The company had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.53 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The firm’s revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company 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, sell-side analysts forecast that Intuit will post 14.09 EPS for the current year.

Insider Activity

In related news, Director Scott D. Cook sold 75,000 shares of the stock in a transaction dated Monday, December 29th. The shares were 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 $3,818,067,953.12. This represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard L. Dalzell sold 333 shares of the business’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 value of $219,763.35. Following the transaction, the director owned 13,476 shares of the company’s stock, valued at $8,893,486.20. This trade represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 388,464 shares of company stock valued at $255,514,393 in the last quarter. 2.49% of the stock is currently owned by company insiders.

Institutional Trading of Intuit

Several institutional investors and hedge funds have recently made changes to their positions in INTU. Telos Capital Management Inc. lifted its holdings in Intuit by 2.6% during the 2nd quarter. Telos Capital Management Inc. now owns 585 shares of the software maker’s stock valued at $461,000 after buying an additional 15 shares in the last quarter. Mcrae Capital Management Inc. increased its position in shares of Intuit by 0.7% during the second quarter. Mcrae Capital Management Inc. now owns 2,187 shares of the software maker’s stock worth $1,723,000 after acquiring an additional 15 shares during the period. Fort Sheridan Advisors LLC increased its position in shares of Intuit by 2.1% during the second quarter. Fort Sheridan Advisors LLC now owns 722 shares of the software maker’s stock worth $569,000 after acquiring an additional 15 shares during the period. BetterWealth LLC raised its stake in shares of Intuit by 3.8% during the third quarter. BetterWealth LLC now owns 412 shares of the software maker’s stock valued at $281,000 after acquiring an additional 15 shares in the last quarter. Finally, Sachetta LLC boosted its holdings in shares of Intuit by 23.8% in the third quarter. Sachetta LLC now owns 78 shares of the software maker’s stock valued at $53,000 after purchasing an additional 15 shares during the period. 83.66% of the stock is currently owned by institutional investors.

Key Stories Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Q2 results topped expectations — revenue and EPS beat and margins remained healthy, supporting Intuit’s underlying growth thesis. Intuit Q2 earnings report
• Positive Sentiment: Management is leaning into AI as a growth driver — the CFO and CEO framed AI partnerships and domain‑specific models as tailwinds, arguing the tech expands rather than displaces Intuit’s core products. Intuit’s CFO says AI is fueling growth
• Positive Sentiment: Board declared a cash dividend — signals capital‑allocation confidence and returns cash to shareholders. Dividend announcement
• Positive Sentiment: Third‑party analysis (Altimetry/MarketBeat) lists Intuit among software names likely to benefit from AI, citing strong switching costs, security and ecosystem stickiness — a constructive longer‑term view for investors who see the pullback as selective repricing. AI Is Separating Software Winners From Losers
• Neutral Sentiment: Company updated FY and Q3 guidance (ranges provided) — FY view contains upside elements but near‑term Q3 guidance was softer than some Street expectations, producing mixed signals on timing of margin recovery. WSJ: Intuit logs higher profit, gives soft outlook
• Negative Sentiment: Near‑term guidance disappointed: Intuit flagged higher marketing spend for U.S. tax season and weaker Q3 profit expectations, which triggered the immediate sell‑off even after the beat. Intuit shares tumble despite earnings beat
• Negative Sentiment: Short interest has risen materially (noted ~40% increase in February), adding pressure and potential volatility while sentiment re‑prices the stock.
• Negative Sentiment: Regulatory risk resurfaced — lawmakers are pushing to revive/free up IRS Direct File, which would be a long‑term revenue threat to paid tax‑prep services like TurboTax. Warren introduces Direct File bill

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.