JPMorgan Chase & Co. Cuts Intuit (NASDAQ:INTU) Price Target to $605.00

Intuit (NASDAQ:INTU) had its target price trimmed by JPMorgan Chase & Co. from $750.00 to $605.00 in a research report sent to investors on Friday morning,MarketScreener reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Intuit in a research report on Monday, January 12th. They set a “neutral” rating and a $720.00 price target for the company. Oppenheimer decreased their target price on shares of Intuit from $868.00 to $696.00 and set an “outperform” rating for the company in a research note on Tuesday, February 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of Intuit in a research note on Wednesday, January 28th. Stifel Nicolaus lowered their price objective on Intuit from $800.00 to $500.00 and set a “buy” rating for the company in a research note on Friday. Finally, Weiss Ratings cut Intuit from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, February 5th. Twenty-three equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $660.07.

Intuit Trading Up 3.7%

INTU opened at $409.03 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.28. Intuit has a 52 week low of $349.00 and a 52 week high of $813.70. The stock has a market cap of $113.82 billion, a PE ratio of 26.49, a PEG ratio of 1.67 and a beta of 1.27. The business has a 50 day moving average of $526.10 and a 200-day moving average of $616.73.

Intuit (NASDAQ:INTU) last posted its quarterly earnings data on Thursday, February 26th. The software maker reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.47. The business had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.53 billion. Intuit had a return on equity of 24.23% and a net margin of 21.57%.The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. Equities research analysts predict that Intuit will post 14.09 earnings per share for the current fiscal year.

Intuit Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 9th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. Intuit’s dividend payout ratio (DPR) is presently 31.09%.

Insiders Place Their Bets

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of the 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 sale, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Scott D. Cook sold 75,000 shares of Intuit stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $673.43, for a total value of $50,507,250.00. Following the completion of the sale, the director owned 5,669,584 shares of the company’s stock, valued at $3,818,067,953.12. The trade was a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 388,464 shares of company stock valued at $255,514,393. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Intuit

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC raised its stake in Intuit by 1.8% during the 4th quarter. Anchor Investment Management LLC now owns 2,633 shares of the software maker’s stock valued at $1,744,000 after buying an additional 46 shares during the last quarter. BDFS Capital LLC bought a new stake in shares of Intuit in the fourth quarter worth $619,000. Sit Investment Associates Inc. increased its position in Intuit by 2.8% during the fourth quarter. Sit Investment Associates Inc. now owns 34,977 shares of the software maker’s stock valued at $23,169,000 after acquiring an additional 965 shares during the last quarter. MidFirst Bank bought a new position in Intuit in the fourth quarter valued at about $393,000. Finally, SG Trading Solutions LLC purchased a new position in Intuit in the fourth quarter worth about $864,000. 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: Q2 results beat: Intuit reported stronger-than-expected fiscal Q2 results — revenue grew ~17% and EPS topped consensus, and the company reaffirmed its FY26 revenue and EPS framework (FY26 EPS guide ~22.98–23.18). This confirms ongoing growth momentum and investor confidence in underlying businesses. Intuit Tops Q2 Earnings, Reaffirms FY26 Growth Outlook Amid AI Push
• Positive Sentiment: AI positioning: Management and analysts highlight Intuit’s AI investments (TurboTax, QuickBooks, Credit Karma integrations) as a structural tailwind — executives say AI is fueling the next growth phase and should deepen switching costs rather than displace the business. Intuit’s CFO isn’t flinching at AI. He says it’s fueling the company’s next growth phase
• Positive Sentiment: Board signals confidence with dividend: Intuit declared a quarterly cash dividend of $1.20 per share (record April 9, pay April 17), underscoring cash generation and capital return policy. This supports income-oriented investor demand. Intuit Board Declares Cash Dividend, Signals Ongoing Confidence
• Neutral Sentiment: Analyst target updates mixed: Several firms trimmed price targets (Goldman, JPMorgan, Oppenheimer, RBC, others) but most maintained Buy/Outperform/Overweight stances — signaling caution on near-term multiple expansion while still backing the longer-term thesis. Monitor how these revisions affect sentiment and flows. Goldman Sachs adjusts price target on Intuit to $519 from $720; maintains neutral rating
• Negative Sentiment: Soft near-term guidance & higher marketing spend: Intuit’s Q3 guidance was softer than some expected — management flagged elevated marketing investment for peak U.S. tax season that will weigh on near-term margins and profit expectations, which triggered short-term selling pressure across headlines. Intuit Shares Tumble Despite Earnings Beat as Tax Season Outlook Disappoints
• Negative Sentiment: Market reaction: Despite the beat, coverage and write-ups emphasize the softer FQ3 outlook and tax-season margin pressure — multiple headlines note the stock initially slid after hours, reflecting sensitivity to forward guidance versus reported results. Investors should watch guidance execution and marketing ROI. Intuit Logs Higher Second-Quarter Profit, Gives Soft Third-Quarter Outlook

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.