Intuit (NASDAQ:INTU) Hits New 1-Year Low Following Analyst Downgrade

Intuit Inc. (NASDAQ:INTU) reached a new 52-week low on Monday after Wells Fargo & Company lowered their price target on the stock from $700.00 to $425.00. Wells Fargo & Company currently has an equal weight rating on the stock. Intuit traded as low as $354.56 and last traded at $353.07, with a volume of 1089033 shares. The stock had previously closed at $380.55.

INTU has been the subject of several other reports. Daiwa Securities Group upped their target price on shares of Intuit from $770.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Mizuho set a $675.00 price objective on shares of Intuit in a research report on Thursday, February 19th. BNP Paribas Exane lowered their target price on Intuit from $600.00 to $340.00 and set an “underperform” rating for the company in a research note on Monday. Oppenheimer cut their price target on Intuit from $868.00 to $696.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group started coverage on Intuit in a research note on Monday, January 12th. They set a “neutral” rating and a $720.00 price objective for the company. Twenty-two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $726.18.

Insider Buying and Selling at Intuit

In other Intuit news, CEO Sasan K. Goodarzi sold 41,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $650.10, for a total value of $26,654,100.00. Following the transaction, the chief executive officer owned 13,611 shares of the company’s stock, valued at $8,848,511.10. This trade represents a 75.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott D. Cook sold 1,402 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $668.02, for a total value of $936,564.04. Following the transaction, the director directly owned 5,668,182 shares of the company’s stock, valued at $3,786,458,939.64. This trade represents a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 388,464 shares of company stock worth $255,514,393 in the last ninety days. Insiders own 2.49% of the company’s stock.

Intuit News Summary

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Trading Solutions LLC acquired a new stake in shares of Intuit in the fourth quarter valued at approximately $864,000. Nolet Wealth Management LLC acquired a new stake in Intuit in the 4th quarter valued at approximately $284,000. Kera Capital Partners Inc. increased its position in Intuit by 56.9% in the 4th quarter. Kera Capital Partners Inc. now owns 833 shares of the software maker’s stock valued at $552,000 after acquiring an additional 302 shares during the period. Copos Capital S.a r.l. bought a new stake in Intuit during the 4th quarter valued at $1,005,000. Finally, MV Capital Management Inc. acquired a new position in Intuit during the 4th quarter worth $3,025,000. 83.66% of the stock is owned by institutional investors and hedge funds.

Intuit Stock Performance

The company has a market cap of $99.82 billion, a P/E ratio of 24.52, a PEG 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. The company has a 50 day moving average price of $542.43 and a 200-day moving average price of $623.39.

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.