Intuit (NASDAQ:INTU) Rating Lowered to Neutral at JPMorgan Chase & Co.

Intuit (NASDAQ:INTU) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $331.00 target price on the software maker’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 7.40% from the company’s previous close.

A number of other brokerages have also weighed in on INTU. Citigroup decreased their target price on Intuit from $591.00 to $457.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Oppenheimer dropped their price target on Intuit from $406.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday. Freedom Capital lowered Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Truist Financial restated a “hold” rating and issued a $350.00 price objective (down from $410.00) on shares of Intuit in a research report on Monday, August 3rd. Finally, KeyCorp lowered their target price on shares of Intuit from $520.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Eighteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $437.06.

Intuit Stock Performance

Intuit stock opened at $357.46 on Wednesday. Intuit has a 1-year low of $252.84 and a 1-year high of $705.08. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $97.78 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The firm’s 50 day simple moving average is $302.38 and its 200 day simple moving average is $357.99.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.45. The firm had revenue of $4.35 billion during the quarter, compared to analyst estimates of $4.27 billion. Intuit had a net margin of 21.91% and a return on equity of 25.18%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. As a group, analysts expect that Intuit will post 18.19 earnings per share for the current fiscal year.

Insider Transactions at Intuit

In other Intuit news, Director Richard L. Dalzell sold 284 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $262.32, for a total value of $74,498.88. Following the completion of the sale, the director owned 11,758 shares of the company’s stock, valued at $3,084,358.56. This represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,239 shares of company stock valued at $348,354 over the last ninety days. 2.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuit

Institutional investors have recently made changes to their positions in the business. XXEC Inc. bought a new position in shares of Intuit during the 2nd quarter valued at $436,740,000. California State Teachers Retirement System lifted its stake in Intuit by 25,506.0% in the second quarter. California State Teachers Retirement System now owns 108,342,405 shares of the software maker’s stock worth $28,277,368,000 after purchasing an additional 107,919,292 shares during the last quarter. BlackRock Inc. purchased a new stake in Intuit during the second quarter valued at about $6,851,859,000. Corient Private Wealth LP purchased a new stake in Intuit during the second quarter valued at about $40,545,000. Finally, Norges Bank bought a new position in shares of Intuit during the fourth quarter valued at about $3,058,407,000. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit News Summary

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and above the $4.27 billion consensus estimate. Adjusted earnings of $4.03 per share also exceeded expectations of approximately $3.58, while fiscal 2026 revenue reached $21.45 billion. Intuit fiscal fourth-quarter earnings report
• Positive Sentiment: The board approved a quarterly dividend of $1.38 per share, and Intuit repurchased approximately $5.5 billion of stock during fiscal 2026, providing shareholder returns and potential support for earnings per share. Intuit dividend announcement
• Neutral Sentiment: Management said it is prioritizing customer acquisition and market-share gains, including a better price-value proposition, which could support longer-term growth but may reduce near-term revenue and margins.
• Neutral Sentiment: Intuit highlighted adoption of its AI tools, with 75% of enterprise customers reportedly using AI agents monthly. However, management also acknowledged growing AI competition, making the technology strategy an important execution risk. Intuit AI customer adoption
• Negative Sentiment: Fiscal 2027 revenue guidance of $23.28 billion to $23.51 billion implies slower growth of roughly 9% to 10%, below Wall Street expectations. Adjusted EPS guidance of $22.88 to $23.12 also fell well short of the supplied consensus estimate of $26.04; first-quarter guidance was similarly below expectations. Reuters report on Intuit’s annual forecast
• Negative Sentiment: Cost-conscious customers are leaving TurboTax because of pricing, while TurboTax revenue grew only 3% in the quarter. The CEO said Intuit is working on lower-cost offerings, but that strategy could pressure near-term sales. MarketWatch report on TurboTax pricing
• Negative Sentiment: Mailchimp is being reported as a separately disclosed business with an outlook for zero growth, adding to concerns about Intuit’s slowing expansion and competitive position. Multiple law firms have also announced securities lawsuits tied to alleged disclosures about TurboTax, AI growth and competitive risks, creating an additional overhang.

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.