TD Cowen Begins Coverage on Intuit (NASDAQ:INTU)

Equities researchers at TD Cowen started coverage on shares of Intuit (NASDAQ:INTU) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $802.00 price target on the software maker’s stock. TD Cowen’s target price would suggest a potential upside of 23.98% from the stock’s current price.

Several other research firms have also recently commented on INTU. Truist Financial assumed coverage on shares of Intuit in a research note on Tuesday. They issued a “buy” rating and a $739.00 target price for the company. BMO Capital Markets lowered their price objective on Intuit from $870.00 to $810.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $700.00 target price (down from $840.00) on shares of Intuit in a research note on Thursday. Daiwa Capital Markets increased their target price on Intuit from $770.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Wall Street Zen lowered Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $790.00.

Intuit Trading Down 0.9%

Shares of INTU stock opened at $646.90 on Thursday. The company has a market capitalization of $180.01 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 2.67 and a beta of 1.25. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $656.34 and a 200 day moving average price of $691.37. Intuit has a twelve month low of $532.65 and a twelve month high of $813.70.

Intuit (NASDAQ:INTU) last released its quarterly earnings results on Thursday, November 20th. The software maker reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.25. The company had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Intuit had a net margin of 21.19% and a return on equity of 23.52%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts forecast that Intuit will post 14.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuit

In other news, CFO Sandeep Aujla sold 1,335 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $629.46, for a total value of $840,329.10. Following the completion of the sale, the chief financial officer owned 536 shares of the company’s stock, valued at $337,390.56. This represents a 71.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total transaction 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. This represents a 75.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock valued at $255,514,393 in the last ninety days. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of INTU. Tortoise Investment Management LLC lifted its position 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 acquiring an additional 27 shares in the last quarter. Westside Investment Management Inc. grew its position in Intuit by 161.5% in the second quarter. Westside Investment Management Inc. now owns 34 shares of the software maker’s stock valued at $27,000 after acquiring an additional 21 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in Intuit by 111.8% during the 2nd quarter. Dogwood Wealth Management LLC now owns 36 shares of the software maker’s stock worth $28,000 after buying an additional 19 shares during the period. Sagard Holdings Management Inc. purchased a new position in Intuit in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its position in Intuit by 270.0% in the 2nd quarter. True Wealth Design LLC now owns 37 shares of the software maker’s stock valued at $29,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.

Key Headlines Impacting Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: TD Cowen initiated coverage with a “buy” and a $802 price target — a prominent bullish call that can attract momentum and institutional interest. TD Cowen Buy on Intuit
• Positive Sentiment: Truist began coverage with a “buy” and $739 target, another institutional endorsement supporting demand among growth investors. Truist Initiates on Intuit
• Positive Sentiment: Media coverage of Intuit’s SMB Media Labs at CES highlights potential new advertising/media revenue for small-business customers — a strategic growth narrative beyond core tax and accounting products. Intuit SMB MediaLabs at CES
• Neutral Sentiment: Analyst roundups and coverage (Zacks, 24/7 Wall St.) largely reiterate existing bullish sentiment and recap recent calls — helpful for market tone but not new fundamentals. Zacks: Wall Street Views on Intuit
• Neutral Sentiment: Company announced a $1.20 quarterly dividend (ex-dividend/record timing noted in filings) — supports yield narrative but is expected and modest versus growth drivers. MarketBeat Intuit Summary
• Negative Sentiment: Wells Fargo cut Intuit from “overweight” to “equal weight” and trimmed its price target to $700 (from $840) — a notable downgrade that lowers near-term analyst support. Wells Fargo Downgrade
• Negative Sentiment: CEO Sasan Goodarzi sold 41,000 shares (~$26.65M at ~$650.10) on Jan. 7, cutting his direct holding by ~75% — a large insider disposition that can weigh on sentiment even if for personal/planned-liquidity reasons. SEC Form 4 – Goodarzi Sale
• Negative Sentiment: CFO Sandeep Aujla also recently sold shares (~1,335 shares), another insider sale that can add to near-term selling pressure. SEC Form 4 – Aujla Sale

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.