INTUIT INC.
Intuit is a financial technology platform serving consumers, small and mid-market businesses, and accountants worldwide. Headquartered in Mountain View, California, it organizes its business into Global Business Solutions and Consumer. Global Business Solutions includes QuickBooks and Intuit Enterprise Suite for business finances, payroll, payments and related services; Mailchimp for marketing; and Intuit Accountant Suite for accounting firms. Consumer includes TurboTax tax preparation, Credit Karma personal finance tools and recommendations, and ProTax software and services for professional accountants. Intuit makes money from its products and services, including subscription software, tax preparation and filing, payment processing, marketing tools, financial products, and bookkeeping and expert services. Offerings include online and desktop products, assisted services, and financing and banking products provided through partners.
No SEC Form 4 filings for $INTU in the last 30 days.
See all $INTU insider activity →RBC Capital's Rishi Jaluria maintained a Buy rating on Intuit (INTU) with a $385 target. The stock closed at $342.64. Analyst consensus is Moderate Buy with a $378.68 avg target. Q3 revenue was $4.35B, net profit $363M. Insider sentiment is negative.
US payrolls rose by 165,000 in October, unemployment fell to 4.1%, and job cuts dropped 71% year-over-year, despite layoffs by major tech, finance, and retail firms. Companies like Amazon, Meta, Visa, and Disney are restructuring, focusing on AI and efficiency.
TD Cowen raised its price target on Intuit (NASDAQ:INTU) to $350 from $346, maintaining a Hold rating. The stock is down 48% year-to-date, trading at $341.50 with a $91.26B market cap. Analysts cite persistent concerns but note attractive valuation metrics. Intuit's next potential catalyst is its third-quarter earnings report, which will include fiscal 2027 tax season performance. Other analysts have varying outlooks, with targets ranging from $300 to $412.
Over the past 7 days, AlphAI's AI scored 5 news stories mentioning INTU (INTUIT INC.). Coverage has skewed bullish: 1 bullish, 4 neutral, and 0 bearish.
Recent INTU coverage spans financial news, regulation and macro economy.
Analyst upgrades and higher price targets may support modest upside, but recent insider selling tempers enthusiasm.
Workforce cuts can support operating leverage, but may raise concerns about near-term product or customer demand.
The modest target increase may support a slight upside bias for Intuit.
Negative sentiment due to large workforce cut, but AI focus may offset long-term.
The acquisition and AI upgrades are expected to boost revenue and market perception, supporting further upside.
AlphAI scores every news story that mentions INTU with an AI model for sentiment and relevance, and aggregates insider trades from INTUIT INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
RBC Capital's Rishi Jaluria maintained a Buy rating on Intuit (INTU) with a $385 target. The stock closed at $342.64. Analyst consensus is Moderate Buy with a $378.68 avg target. Q3 revenue was $4.35B, net profit $363M. Insider sentiment is negative.
US payrolls rose by 165,000 in October, unemployment fell to 4.1%, and job cuts dropped 71% year-over-year, despite layoffs by major tech, finance, and retail firms. Companies like Amazon, Meta, Visa, and Disney are restructuring, focusing on AI and efficiency.
TD Cowen raised its price target on Intuit (NASDAQ:INTU) to $350 from $346, maintaining a Hold rating. The stock is down 48% year-to-date, trading at $341.50 with a $91.26B market cap. Analysts cite persistent concerns but note attractive valuation metrics. Intuit's next potential catalyst is its third-quarter earnings report, which will include fiscal 2027 tax season performance. Other analysts have varying outlooks, with targets ranging from $300 to $412.
In 2026, tech layoffs have impacted 10 sectors, including enterprise software, telecom, and consumer brands. Companies like Oracle (ORCL), Intuit (INTU), and Atlassian (TEAM) have cut jobs, citing AI investments and cost savings. Oracle laid off 21,000 employees, about 13% of its workforce. Intuit plans to lay off 3,000 employees, and Atlassian cut 1,600 jobs. Other companies, such as Cloudflare, Rackspace, and Cisco (CSCO), have also reduced their workforce.
Intuit (NASDAQ:INTU) shares rose 24% in October, driven by investor rotation and company news. The acquisition of Sequence, an AI-based revenue management firm, and upgrades to its Intuit Intelligence platform were key catalysts. The stock gained 6.4% on the acquisition announcement, with management highlighting the strategic fit. Despite a 48% year-to-date decline, the company aims to leverage AI to regain growth.
Intuit Inc. (INTU) introduced AI-driven features across its accounting platforms, including QuickBooks and Intuit Enterprise Suite, with U.S. rollouts beginning today. The updates aim to enhance mid-market and accountant workflows, according to the company.
22 companies, including Wells Fargo, Cisco, and Intuit, have objected to OKXICE's planned tokenised stock trading platform. The venue, a joint venture between ICE and OKC, aims to offer tokenised US shares via blockchain liquidity pools. Objections from issuers pose a regulatory hurdle for the platform's launch.
The US SEC's 'Innovation Exemption' allows tokenized stock trading on public, permissionless blockchains, but lacks clear criteria. 22 listed companies oppose tokenization. TSV, OKXICE, and Kephas plan platforms using different networks. Industry debate continues over blockchain eligibility. The exemption lasts until 2031.
Broyhill Asset Management reported a 0.3% Q3 2026 decline, underperforming the MSCI ACWI. The firm cited rising oil prices, higher interest rates, and capital competition for caution. Broyhill highlighted Intuit (INTU), noting a shift from INTU to Microsoft due to perceived quality and market concerns over AI's impact on software economics.
Wells Fargo, Arm Holdings, and Intuit are among six companies objecting to their shares being tokenized on a platform backed by OKX and Intercontinental Exchange, according to a regulatory document. This brings the total number of objecting companies to 22, highlighting challenges for stock tokenization despite recent SEC approval. OKX and ICE filed to launch tokenized stocks under the SEC's innovation exemption, which requires issuer notification and allows objections to halt listings.
