$INTU

Intuit Inc.'s average stock price target was reduced from $399.11 to $393.89 by 27 analysts, with a range of $290 to $732. This implies a 21% upside from the Oct. 16 closing price. The consensus rating remains 'Buy' among 35 analysts.

Intuit has acquired AI startup Sequence for $200 million. The deal aligns with both companies' goals, according to co-founder Riya Grover.

Chipmakers fell, with Nvidia and AMD down 2-3%, while software firms like Salesforce and Adobe rose. FMC Corp dropped 32% after cutting Q3 guidance. Intuit gained 6% on an acquisition. Kimberly-Clark rose 4% on strong earnings. Berkshire Hathaway rose 0.4% after investing in Bending Spoons. The RealReal and Marsh & McLennan also saw gains. CoreWeave and Rocket Lab fell on AI and launch delay concerns. Penske Automotive surged 8% on a go-private deal. Walmart and Crocs rose on upgrades.

Intuit (INTU) reaffirmed its fiscal 2027 revenue guidance of $23.28B to $23.51B, up 9-10%, and expects Global Business Solutions revenue of $13.07B to $13.16B. Despite this, retail investor sentiment is bearish, and the stock has fallen over 48% year-to-date, underperforming the tech-software ETF IGV, which rose nearly 5%.

Intuit launched AI tools for QuickBooks in Canada, UK, and Australia. The tools automate tasks, surface insights, and recommend actions for small businesses and accountants. Features include Automations, Autonomous Invoicing, and Conversational Custom Reports. Intuit claims early adopters save 13 hours/month, with 70% confident in their books. The company uses data from 10M customers to provide recommendations.

Intuit (INTU) and Oracle (ORCL) are compared as investment options. Intuit focuses on personal finance and small business tools, while Oracle offers enterprise software and cloud solutions. Intuit reported $21B revenue and $4.6B net income in fiscal 2026, with a debt-to-equity ratio of 0.4x. Oracle achieved $67B revenue and $17B net income, with a debt-to-equity ratio of 2.3x. Oracle is favored due to its cloud growth and backlog, despite risks like supply chain issues.

Intuit Inc. (INTU) announced the international launch of Intuit Intelligence, a unified platform for businesses and accountants. The platform integrates AI and automation into QuickBooks and Intuit Accountant Suite, aiming to save time and improve decision-making. Early adopters report significant time savings and increased confidence in financial accuracy. The platform is now rolling out in beta to international markets.

Intuit's Mailchimp segment reported a 1% revenue decline to $1.3B in fiscal 2026, with flat to 1% growth expected in 2027. Despite challenges, operating margins improved to 47.5%. Intuit is focusing on customer retention and profitability, managing Mailchimp as a separate segment. Competitors Klaviyo and Braze reported 26% revenue growth. Intuit shares gained 8.3% in 3 months, trading at a P/S discount.

Autodesk (ADSK) and Intuit (INTU) are among the Nasdaq 100's top gainers this week, with ADSK up 10% and INTU up 8%, despite a broader market downturn. ADSK's rally followed Schneider Electric's acquisition of PTC, while INTU's advance comes amid a recovery in investor sentiment. Both companies reported strong business fundamentals, with ADSK's Q2 revenue up 16% and INTU expecting moderated growth. Analysts' price targets suggest significant upside for both stocks.

Intuit (INTU) rose 2.23% to $303.88, outperforming major indices. The company's stock has fallen 5.32% in the past month. Analysts expect Q2 EPS of $2.46, down 26.35% YoY, and revenue of $4.3B, up 10.8% YoY. INTU has a Zacks Rank of #3 (Hold), Forward P/E of 12.65, and PEG ratio of 0.85.