Stifel Downgrades Intuit to Hold, Sets $275 Price Target

Stifel analyst Brad Reback has downgraded Intuit Inc. (NasdaqGS: INTU) to a hold rating, setting a price target of $275. This change was announced on June 18, 2026. Shares of Intuit traded at $272.54 following the downgrade.

Other Institutional Activity in Intuit

Several institutional investors have recently adjusted their positions in Intuit. BlackRock, Inc. reduced its holdings by 955,251 shares, ending with 25,475,596 shares valued at about $11.02 billion. On the other hand, Vanguard Capital Management LLC initiated a new position with 18,079,151 shares worth approximately $7.82 billion. JPMorgan Chase & Co increased its stake by 1,389,075 shares, holding 13,098,859 shares valued at around $5.62 billion. State Street Corp made a slight reduction of 100,699 shares, maintaining 12,962,149 shares worth $5.60 billion. Geode Capital Management, LLC added 177,882 shares, bringing its total to 6,792,421 shares valued at $2.93 billion.

Intuit Stock Snapshot

Intuit's shares are currently trading near $272.54. The company has a market capitalization of $73.6 billion and a P/E ratio of 16.4. Its beta is 0.964, indicating moderate volatility compared to the market. Over the past year, Intuit's stock has ranged from a low of $268.01 to a high of $813.70. The stock's 50-day moving average is $356.51, while the 200-day moving average is $525.30. Intuit has a current ratio of 1.45 and a quick ratio of 0.62, with a debt-to-equity ratio of 33.45.

Recent Earnings

In its most recent earnings report, Intuit posted revenue of $20.92 billion, reflecting a 10.4% growth. The company's net margin stood at 21.9%, with a return on equity of 22.5%. Intuit's earnings per share were $16.38. The next earnings release is scheduled for August 20, 2026.

Dividend

Intuit offers an annual dividend rate of $4.80, yielding 1.71%. The dividend payout ratio is 28.31%.

Insider Buying and Selling at Intuit Inc.

Recent insider transactions at Intuit include planned sales by Richard Dalzell, who sold shares on several occasions in June 2026, with prices ranging from $279.86 to $297.65. Meanwhile, Vasant Prabhu purchased shares on May 22 and May 26, 2026, at prices around $309.45 and $309.72, respectively.

Analysts Set New Price Targets

On June 18, 2026, Stifel downgraded Intuit to a hold rating with a $275 price target. Earlier, on June 2, 2026, Goldman Sachs downgraded the stock to a sell with a $276 target. Mizuho maintained a buy rating with a $500 target on May 26, 2026. The consensus among analysts is a buy, with a mean target price of $491.30 based on 32 analyst opinions.

About Intuit

Intuit Inc., headquartered in Mountain View, California, is a leading provider of financial management and compliance products. The company operates in several segments, including Global Business Solutions, Consumer, Credit Karma, and ProTax. Intuit's well-known products include QuickBooks, TurboTax, and Credit Karma, serving both individuals and businesses. Under the leadership of CEO Sasan K. Goodarzi, Intuit continues to expand its offerings in the technology sector.

Bottom Line

Stifel's recent downgrade of Intuit reflects a more cautious outlook, despite the company's strong market position in financial software. The stock's current trading price and recent insider activities highlight the mixed sentiment among investors. As always, it's important to remember that analyst ratings are backward-looking and may not reflect future performance.