Intuit downgraded, SolarEdge upgraded: Wall Street's top analyst calls

Estee Lauder (EL) reported four consecutive earnings beats, raising its fiscal 2027 EPS guidance to $3.10-$3.35. Nike (NKE) guided revenue down, with Greater China down 12% and Converse down 32%. EL's stock rose 10.46% post-earnings, while NKE's turnaround timeline extends. EL's forward P/E is near 32, with a 1.3% yield. NKE offers a 4.3% yield but faces declining revenue.

JPMorgan downgraded Intuit, citing muted future guidance. Wall Street previously had a 'Moderate Buy' consensus with a $450 average price target.

Intuit (INTU) reported fiscal 2026 revenue of $21.4B, up 14%, but expects slower growth in 2027 (9-10%). The company plans to lower TurboTax revenue per user to attract more customers, aiming to offset this with higher-value services like TurboTax Live and Credit Karma. Intuit has $7.2B in cash and investments, with a strong dividend and share buyback program. However, TurboTax units declined 2%, and the strategy's success depends on retaining new customers and increasing cross-selling.

After the Supreme Court struck down Trump's tariffs, companies like Walmart, Amazon, and Apple received billions in refunds. Walmart ($2.9B) cut prices on items, Amazon ($600M) absorbed costs, and Apple ($2.2B) plans U.S. reinvestment. Target ($994M) and Home Depot ($730M) also lowered prices. Consumers unlikely to get direct refunds.

argenx (ARGX) reported positive Phase 3 trial results for VYVGART Hytrulo in treating autoimmune myositis. Shares have surged, with a 1-year return of 50.58%. Analysts debate valuation, with some calling it 32.2% overvalued at €907.40, while others see a 52.2% discount. Investors should watch for clinical setbacks and pricing pressures.

Intuit reported Q2 revenue of $4.35B, beating estimates, with 13.7% YoY growth. Adjusted EPS of $4.03 also beat estimates. Q3 revenue guidance of $4.31B is below expectations, and FY2027 EPS guidance misses estimates. Operating margin improved to 17.6%. The company highlighted mid-market revenue growth, AI adoption, and new customer acquisition strategies. Management expects short-term margin pressure due to increased investment in customer acquisition and competitive pricing adjustments.