Intuit Inc. ($INTU) Stock Forecast: Down 5.1% Today

What is Intuit Inc.?

Intuit Inc. (INTU) is a financial software company recognized for its products like QuickBooks and TurboTax. The company is facing challenges related to an ongoing TurboTax pricing investigation and a decline in Mailchimp revenue, despite maintaining strong financial fundamentals.

Why is Intuit Inc. going down?

INTU stock is down 5.1% on Jun 5, 2026 13:56

• The stock performance of Intuit was weaker on Thursday, declining by 3.04% in a positive market environment, marking a third consecutive day of losses.
• This downward trend may be linked to concerns regarding the ongoing TurboTax pricing investigation and the decrease in Mailchimp revenue, potentially impacting investor confidence.
• Despite the recent dip, the stock is currently positioned in a support zone historically known for substantial recoveries, offering a promising entry point for investors attracted to the reduced valuation.
• Monitoring how Intuit addresses these challenges and the resilience of the support zone will be crucial for determining the company's future stock trajectory.

INTU Price Chart

INTU Technical Analysis

INTU News

Intuit Stock Pulls Back to Support – Smart Entry?

Intuit (INTU) stock is currently trading in a support zone from which it has historically bounced, generating average peak returns of 62.9%. While the company exhibits strong financial fundamentals like 15.1% LTM revenue growth and nearly 36.9% free cash flow margin, it faces challenges such as an ongoing TurboTax pricing investigation and Mailchimp revenue declines. The article suggests that despite potential risks from market downturns, the stock's current valuation is deeply discounted, making it a compelling entry point for investors.

https://www.trefis.com/stock/intu/articles/601598/intuit-stock-pulls-back-to-support-smart-entry-6/2026-06-05

Synopsys Stock at Support Zone – Bargain or Trap?

Synopsys (SNPS) stock is currently trading in a historical support zone, from which it has typically seen significant bounces, with an average peak return of 21.0%. Despite a stretched valuation, strong Q2 FY2026 results, AI-driven demand, and the Ansys integration suggest potential upside. However, investors are cautioned that even with solid fundamentals, the stock is susceptible to substantial drops during market downturns.

https://www.trefis.com/stock/snps/articles/601599/synopsys-stock-at-support-zone-bargain-or-trap/2026-06-05

Rep. Josh Gottheimer Purchases Shares of Fabrinet (NYSE:FN)

Representative Josh Gottheimer (Democratic-New Jersey) recently purchased between $1,001 and $15,000 worth of Fabrinet (NYSE: FN) stock on May 1st, as disclosed in a June 3rd filing. This follows Fabrinet's strong quarterly results, where they exceeded analyst estimates with EPS of $3.72 and revenue of $1.21 billion, marking a 39.3% year-over-year increase. Despite mixed insider activity, with a director selling shares, Wall Street analysts maintain a "Moderate Buy" consensus with a target price of $661.75.

https://www.marketbeat.com/instant-alerts/rep-josh-gottheimer-purchases-shares-of-fabrinet-nysefn-2026-06-05/

Intuit Inc. stock underperforms Thursday when compared to competitors

Intuit Inc. (INTU) stock slipped 3.04% on Thursday, closing at $301.98, despite a positive trading session for the broader market. Both the S&P 500 Index and the Dow Jones Industrial Average saw gains. This marked the third consecutive day of losses for Intuit's stock.

https://www.marketwatch.com/data-news/intuit-inc-stock-underperforms-thursday-when-compared-to-competitors-c1011fdd-a5f470b5c311?mod=mw_quote_news

AI-powered QuickBooks Advanced tipped as UK upgrade from basic accounting

Better Business Advice has recognized Intuit's QuickBooks Advanced as a leading UK accounting software for growing businesses, highlighting its advanced reporting, automation, and AI-powered tools. The platform aims to address the complexities faced by scaling businesses by offering comprehensive features like custom reporting, workflow automation, and HMRC-recognized MTD support. Intuit continues to push for integrated, AI-enabled financial operations, with QuickBooks Advanced representing a significant step beyond basic accounting solutions.

https://www.stocktitan.net/news/INTU/accounting-software-with-advanced-reporting-uk-2026-quick-books-397cdmo7xgry.html

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Intuit Inc. Price History

20.04.2026 - INTU Stock was down 7.1%

• Intuit (INTU) experienced a strong bearish movement today.
• The market reacted negatively to the news of Intuit cutting approximately 17% of its global workforce, impacting about 3,000 employees, in a bid to streamline operations and focus on key strategic areas, including AI development.
• Investors might be concerned about the short-term impact of the layoffs on the company's operational efficiency and long-term growth prospects.
• Despite the bearish movement, some analysts remain optimistic about Intuit's performance, expecting strong Q3 results and solid revenue and EPS growth for fiscal year 2026.

02.05.2026 - INTU Stock was down 8.3%

• An analyst downgrading INTU to Sell led to a bearish sentiment in the market.
• Sustainable Growth Advisers LP reducing its holdings by 23.1% in the fourth quarter may have contributed to the selling pressure on the stock.
• An investigation into Intuit for potential securities fraud after a 20% stock drop due to pricing issues could have further dampened investor confidence.
• Despite the bearish movement, a financial institution adjusting the price target to $600 from $700 while maintaining a Buy rating indicates a mixed view among financial institutions, adding to the uncertainty surrounding the stock.

02.05.2026 - INTU Stock was down 11.7%

• A global investment strategy sold its position in Intuit due to concerns about AI substitution risks and the negative "AI loser" narrative, impacting the stock's performance.
• A Sell downgrade by an analyst further added bearish pressure on Intuit's stock.
• A decrease in holdings by Sustainable Growth Advisers LP also contributed to the bearish movement.
• The overall sentiment around Intuit was influenced by concerns about AI substitution, negative perceptions, and institutional adjustments, leading to a strong bearish movement in the market.

02.05.2026 - INTU Stock was down 9.1%

• Intuit Inc. (INTU) faced a bearish market movement following disappointing Q3 2026 financial results, where TurboTax underperformed expectations due to challenges from price-sensitive DIY tax filers. This led to a 20% drop in the stock price, causing concern among investors.
• Brown Advisory Global Leaders Strategy's decision to sell its position in Intuit (INTU) due to AI substitution concerns and the negative "AI loser" narrative impacting capital markets likely added selling pressure on the stock, contributing to the bearish trend.
• Despite the stock's decline, analysts have slightly reduced the 12-month price target for Intuit Inc., implying a 37% upside potential from the current price. This indicates a mixed sentiment among analysts regarding the future prospects of the company, possibly adding to the volatility in the stock price.

21.04.2026 - INTU Stock was down 20.3%

• The market reacted bearishly to Intuit's announcement of a 17% workforce reduction and office closures, despite the company's strong Q3 earnings beat and higher guidance.
• Investors may be concerned about Intuit's pivot towards integrating AI more deeply into its offerings, leading to uncertainty about the company's future growth potential.
• Analysts lowering price targets for Intuit, despite maintaining a "Buy" rating, could have contributed to the bearish sentiment as it signals a mixed outlook on the stock's performance.
• Intuit's decision to lean into stock buybacks and dividend increases might not have been enough to offset the negative impact of the workforce reduction and AI pivot on investor confidence, resulting in the bearish market movement.

21.04.2026 - INTU Stock was down 20.5%

• Intuit Inc. is a financial software company known for products like TurboTax and QuickBooks. The company has recently reported strong Q3 earnings and revenue, raised its full-year guidance, and announced a significant share repurchase plan.
• The bearish movement in Intuit Inc. stock today could be attributed to several factors:
• A reduction in stake by PNC Financial Services Group Inc. in Q4 may have signaled some lack of confidence in the stock, impacting investor sentiment.
• Concerns about a lower TurboTax revenue outlook and the impact of AI on Intuit's core tax business could have contributed to the bearish trend.
• Despite the positive financial performance and strategic initiatives like share repurchases, the market may be reacting to the announced 17% workforce reduction, which could raise questions about future growth prospects.
• Overall, the combination of institutional selling pressure, revenue outlook concerns, and workforce reduction news likely led to the bearish movement in Intuit's stock today.

21.04.2026 - INTU Stock was down 20.5%

• Intuit's shares plummeted by approximately 19% despite surpassing revenue and earnings expectations in the fiscal third quarter. The market reacted negatively to concerns over a weaker outlook for TurboTax and the company's plan to reduce its global workforce by 17%.
• Investor sentiment was further dampened by worries about the impact of AI on Intuit's core tax business and a projected slowdown in TurboTax growth.
• Despite the positive Q3 results and raised full-year guidance, the focus on job cuts and potential challenges in key product segments overshadowed the company's financial performance, leading to the bearish movement in INTU stock.
• The combination of workforce reduction, lower TurboTax revenue outlook, and broader market uncertainties contributed to the sharp decline in Intuit's stock price today.

21.04.2026 - INTU Stock was down 20.3%

• The CFO of Intuit discussed a major restructuring strategy involving workforce reductions and office closures to enhance operational efficiency.
• Intuit's price target was lowered to $530.00 by Deutsche Bank, noting a possible upside despite recent stock fluctuations and mixed analyst opinions.
• Despite an observed 39% potential upside according to the average 12-month price target, Intuit's stock experienced a sharp drop in pre-market trading due to restructuring plans and Q4 guidance.
• Investor worries about the impact of the restructuring efforts on Intuit's future growth potential likely contributed to the market movement, despite the company's robust financial performance and strategic initiatives like stock repurchases.

29.04.2026 - INTU Stock was up 5.0%

• The surge in Intuit's stock price by 5.26% was influenced by strong Q3 fiscal year 2026 financial results, enhanced full-year guidance, and advancements in strategic AI products like an AI-native ERP system and Mailchimp's "Analytics AI."
• Favorable market outlook, analyst recommendations to buy, and increased insider ownership of shares all contributed to the upward movement of the stock.
• J.P. Morgan's continued endorsement of a Buy rating and sustaining a target price of $605 signals a positive future outlook for Intuit's stock performance.
• Intuit's active measures in addressing concerns about AI disruption through significant investments in its AI agent platform and emphasis on proprietary data and security have been well-received by investors.

29.04.2026 - INTU Stock was up 5.1%

• The company is proactively addressing AI disruption concerns by investing significantly in its AI agent platform, demonstrating a dedication to innovation and maintaining a competitive edge.
• Despite encountering challenges such as reduced price targets and legal inquiries, Intuit's robust earnings update, insider purchasing activity, and improved fiscal guidance have enhanced investor confidence, contributing to the positive market performance.
• Intuit's strategic emphasis on proprietary data and security, combined with its earnings outperformance, is likely generating favorable views among analysts and investors, supporting today's upward trend in the stock.

01.05.2026 - INTU Stock was up 5.2%

• Intuit Inc. (INTU) is recognized as a strong "growth at a reasonable price" (GARP) candidate, meeting essential criteria like robust EPS growth and solid liquidity, which likely caught the attention of investors.
• Despite a few analysts revising down price targets following lowered guidance, the company posted earnings and revenue that exceeded expectations, continuing to progress its AI strategy, thereby boosting investor confidence.
• Peapack Gladstone Financial Corp's significant increase in stake indicates a favorable outlook on INTU after its robust quarterly performance, despite ongoing caution due to a securities-fraud investigation.
• The uptrend in INTU's stock might also be tied to the generally upbeat market sentiment towards technology stocks, exemplified by Oracle Corporation's impressive earnings results and increasing institutional interest.

05.05.2026 - INTU Stock was down 5.1%

• The stock performance of Intuit was weaker on Thursday, declining by 3.04% in a positive market environment, marking a third consecutive day of losses.
• This downward trend may be linked to concerns regarding the ongoing TurboTax pricing investigation and the decrease in Mailchimp revenue, potentially impacting investor confidence.
• Despite the recent dip, the stock is currently positioned in a support zone historically known for substantial recoveries, offering a promising entry point for investors attracted to the reduced valuation.
• Monitoring how Intuit addresses these challenges and the resilience of the support zone will be crucial for determining the company's future stock trajectory.