Intuit Inc. ($INTU) Stock Forecast: Down 6.7% Today

What is Intuit Inc.?

Intuit (NASDAQ: INTU) is a software company specializing in financial, accounting, and tax preparation software for individuals and businesses. The stock recently showed significant bearish movement.

Why is Intuit Inc. going down?

INTU stock is down 6.7% on Apr 23, 2026 17:36

• Despite posting strong quarterly earnings and offering positive guidance for Q3 and FY2026, Intuit (INTU) shares witnessed a gap down, indicating a potential disparity between performance and market response.
• Michael Burry's investment in Salesforce amid industry concerns about AI disruption may have influenced market sentiment towards technology stocks like Intuit.
• The collaboration between Cadence and TSMC to expedite AI chip design could suggest heightened competition in the technology sector, affecting investor confidence in companies such as Intuit.
• Torray Investment Partners LLC's acquisition of Intuit shares during the stock's decline hints at varying outlooks on the company's future, contributing to the volatility surrounding INTU.

INTU Price Chart

INTU Technical Analysis

INTU News

Intuit (NASDAQ:INTU) Shares Gap Down - What's Next?

Intuit (NASDAQ:INTU) shares gapped down significantly, opening at $385.00 after closing at $408.68, and are currently trading around $380.98 on heavy volume. Despite a mixed analyst outlook—UBS cut its price target, while the consensus remains a "Moderate Buy" with a $636.10 target—Intuit reported strong quarterly earnings, beating estimates and providing positive guidance for Q3 and FY2026. The company also recently declared a quarterly dividend of $1.20 per share.

https://www.marketbeat.com/instant-alerts/intuit-nasdaqintu-shares-gap-down-whats-next-2026-04-23/

Legendary Investor Michael Burry Is Shrugging Off the Software Apocalypse (Sort of) and Buying Salesforce Stock. Should You?

Legendary investor Michael Burry has reportedly bought Salesforce stock, seeing an opportunity amid a "SaaSpocalypse" selloff he believes is driven by technical factors rather than deteriorating fundamentals. While Salesforce CEO Mark Benioff dismisses AI disruption concerns, the article argues that the company's seat-based pricing model is vulnerable to AI-driven automation, which could reduce the need for human "seats." Despite Wall Street's "Strong Buy" consensus, the author advises against following Burry's lead, citing unresolved AI disruption risks and the potential for further market downturns.

https://www.barchart.com/story/news/1480668/legendary-investor-michael-burry-is-shrugging-off-the-software-apocalypse-sort-of-and-buying-salesforce-stock-should-you

Cadence Expands TSMC Alliance to Boost Advanced AI Chip Design

Cadence Design Systems, Inc. has strengthened its partnership with TSMC to accelerate AI chip design, focusing on delivering silicon-proven IP and certified end-to-end design flows for TSMC’s advanced process technologies. This collaboration aims to reduce design iterations and improve time-to-market for complex AI and high-performance computing applications. Cadence is integrating agentic AI across the chip design lifecycle to optimize power, performance, and area, thereby boosting productivity for semiconductor teams.

https://sg.finance.yahoo.com/news/cadence-expands-tsmc-alliance-boost-150600396.html

Cadence Expands TSMC Alliance to Boost Advanced AI Chip Design

Cadence has strengthened its collaboration with TSMC to accelerate AI-driven semiconductor design through silicon-proven IP, end-to-end design infrastructure, and certified flows for TSMC's advanced process technologies. This partnership, focusing on a "Design for AI and AI for Design" strategy, aims to reduce design iterations, improve correlation, and achieve faster time-to-market for complex AI chips. Cadence is integrating agentic AI across the chip design lifecycle to optimize power, performance, and area, driving innovation in advanced-node SoCs, chiplet-based, and 3D-IC architectures.

https://www.tradingview.com/news/zacks:e2f609c01094b:0-cadence-expands-tsmc-alliance-to-boost-advanced-ai-chip-design/

Torray Investment Partners LLC Purchases Shares of 21,635 Intuit Inc. $INTU

Torray Investment Partners LLC initiated a new position in Intuit Inc. (NASDAQ:INTU) by purchasing 21,635 shares valued at $14.33 million in the fourth quarter, making it their 22nd largest holding. Despite Intuit beating quarterly earnings and revenue estimates and providing strong FY2026 guidance, its shares traded down by approximately 7%. Wall Street maintains a "Moderate Buy" rating with an average price target of $636.10, suggesting significant upside.

https://www.marketbeat.com/instant-alerts/filing-torray-investment-partners-llc-purchases-shares-of-21635-intuit-inc-intu-2026-04-23/

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Intuit Inc. Price History

10.03.2026 - INTU Stock was down 5.2%

• The stock of Intuit experienced a 3.42% decrease, reflecting investor apprehensions regarding the IRS Direct File program's competition with TurboTax and broader concerns over AI's impact on SaaS firms.
• Although Intuit has shown strong financial performance and garnered positive ratings from analysts, uncertainties surrounding AI's influence and technical indicators like MACD and RSI indicating oversold conditions have contributed to the stock's downturn.
• Despite implementing strategies such as increased share repurchases and maintaining revenue growth, Intuit has struggled to combat market obstacles and industry-wide anxieties regarding AI's implications for software companies.
• The forthcoming Q3 fiscal 2026 earnings results will play a pivotal role in determining Intuit's ability to address these issues and confirm its growth prospects in light of existing market pressures.

10.03.2026 - INTU Stock was down 5.1%

• A notable investment firm, Douglas Lane & Associates LLC, has increased its stake in Intuit, displaying confidence in the company amidst the stock's decline.
• Concerns surrounding "SaaSpocalypse" and the influence of AI on Intuit's software business were contributing factors to the stock's decline.
• The introduction of Anthropic's Managed Agents, autonomous AI systems, has sparked concerns about potential disruptions in the SaaS industry, adding pressure to Intuit's stock.
• Despite the current bearish trajectory, technical analysis indicates the formation of a potential double-bottom bullish pattern, suggesting a potential imminent recovery for Intuit.

21.03.2026 - INTU Stock was up 5.0%

• The bullish movement in Intuit Inc.'s stock can be attributed to several factors:
• Intuit's strong quarterly earnings report, surpassing analyst estimates, and the announcement of a quarterly dividend likely boosted investor confidence in the company's performance.
• The company's strategic focus on leveraging its dominance in U.S. tax software and small business accounting to drive recurring revenue growth through AI integration and international market expansion has resonated well with investors.
• Institutional investors increasing their holdings in INTU despite a reduction in stake by a specific asset management firm indicates overall positive sentiment towards the company's future prospects.
• The market recognizing Intuit's resilience in the face of intensifying competition and regulatory pressures, along with its effective monetization of AI features, could have contributed to the stock's upward momentum.

09.03.2026 - INTU Stock was down 9.7%

• INTU stock dropped by 6.89% due to increased competition from the IRS's expanded Direct File tax system, affecting its market share.
• The decline was also influenced by the stock's ex-dividend date and previous analyst downgrades.
• The simultaneous decrease in stock prices for several major tech companies, including Intuit, suggests a broader sector-wide sell-off in high-valuation software names rather than company-specific concerns.
• Investors should watch for any continuation of this trend and follow company comments on enterprise spending in the software industry.

09.03.2026 - INTU Stock was down 8.7%

• Intuit achieved FedNow Service certification for instant payments, showcasing its commitment to modernizing the U.S. payment infrastructure and enhancing financial confidence for customers.
• Despite positive developments and strong financial health, including robust revenue growth and profitability, the stock saw a bearish trend, possibly due to broader market conditions or profit-taking by investors.
• The increased quarterly dividend and raised full-year guidance by Automatic Data Processing, Inc. (ADP) could have diverted investor attention away from Intuit, impacting its stock price negatively.
• The insider selling activity within Intuit, despite institutional investors increasing their stakes and positive quarterly performance, might have contributed to the bearish movement as well.

09.03.2026 - INTU Stock was down 6.2%

• Completion of FedNow Service certification by Intuit to facilitate faster payments could have sparked concerns about heightened competition in digital payments, prompting a negative investor sentiment.
• Despite a new investment from V Square Quantitative Management LLC and increased stake from CCLA Investment Management, the stock failed to rebound, hinting at potential external factors influencing the decline.
• Analysts' differing opinions on Intuit, with some lowering price targets despite strong quarterly earnings, point to uncertainties surrounding the company's future performance, potentially impacting the bearish trend.
• The decrease in stake by McElhenny Sheffield Capital Management LLC in Enterprise Products Partners L.P. might signify a broader shift in investment strategies away from specific sectors, affecting market sentiment and indirectly impacting Intuit's stock performance.

23.03.2026 - INTU Stock was down 6.7%

• Despite posting strong quarterly earnings and offering positive guidance for Q3 and FY2026, Intuit (INTU) shares witnessed a gap down, indicating a potential disparity between performance and market response.
• Michael Burry's investment in Salesforce amid industry concerns about AI disruption may have influenced market sentiment towards technology stocks like Intuit.
• The collaboration between Cadence and TSMC to expedite AI chip design could suggest heightened competition in the technology sector, affecting investor confidence in companies such as Intuit.
• Torray Investment Partners LLC's acquisition of Intuit shares during the stock's decline hints at varying outlooks on the company's future, contributing to the volatility surrounding INTU.

23.03.2026 - INTU Stock was down 7.2%

• Today, Intuit Inc. (INTU) saw a downward trend in its stock price.
• Despite reporting robust quarterly earnings and positive future outlook, concerns surrounding AI disruption in the software industry, as seen in recent results from IBM and ServiceNow, have influenced investor sentiment.
• The current trading range of Intuit's stock indicates a potential bounce back, supported by the company's proactive AI integration and optimistic target prices set by analysts.
• The increased investments from institutional investors like the Teacher Retirement System of Texas and Universal Beteiligungs und Servicegesellschaft mbH reflect confidence in Intuit's growth prospects in the long run despite market volatility in the short term.

23.03.2026 - INTU Stock was down 7.6%

• Intuit surpassed earnings and revenue expectations, as well as provided optimistic FY2026 guidance. Nevertheless, its stock price fell around 7%, indicating a disconnect between performance and market response.
• The decline in Intuit's stock value may be linked to industry-wide concerns about AI disruption, evidenced by less-than-stellar results from IBM and ServiceNow. This has prompted investors to reconsider the influence of AI advancements on traditional software enterprises.
• With the stock currently situated at a historical support level, this presents a strategic entry opportunity for investors aiming to benefit from previous rebounds. This is further supported by the company's significant AI integration efforts and optimistic analyst projections of potential growth.
• It's important to recognize that even robust companies like Intuit can experience sharp declines during market downturns. It underscores the significance of monitoring broader industry trends and market sentiment.

08.03.2026 - INTU Stock was down 5.0%

• The bearish movement in INTU stock could be attributed to recent developments related to the SpaceX IPO and its effect on index funds.
• Observers suggest that adjustments in index funds' inclusions following mega-IPOs like SpaceX may redirect investment focus away from established companies like Intuit.
• Concerns have been raised among investors about Intuit's valuation and growth prospects following discussions about its PB Ratio, which is currently lower than its 10-year median but significantly higher than the industry average.
• Although the launch of Intuit for Education aimed to promote financial literacy, its impact may not have been strong enough to counterbalance the market's reaction to other recent news, contributing to the stock's bearish movement.

15.03.2026 - INTU Stock was up 5.0%

• Completion of the Federal Reserve's FedNow Service certification program has boosted investor confidence and led to a bullish movement in Intuit's stock.
• Positive analyst ratings, such as maintaining an Overweight rating and upgrading to Buy, have highlighted the company's attractive valuation and strong core business, despite concerns about AI disruption.
• The stock's resilience is attributed to its focus on indispensable financial software for small businesses, high user retention, AI integration, and strategic expansion of financial services ecosystems.
• Despite facing risks from competition and macro slowdowns, Intuit's proven track record, competitive moat, and strong Q2 earnings with positive FY26 guidance have positioned it as a compelling long-term investment option, driving the bullish market movement.

27.02.2026 - INTU Stock was down 6.1%

• Global X Japan Co. Ltd.'s significant increase in stake reflects confidence in Intuit's growth potential, particularly following the impressive earnings results and positive Q3 and FY2026 outlook.
• Conversely, the decreased stake by NatWest Group plc and insider selling may have influenced some selling pressure on the stock despite the strong financial performance.
• Intuit's emphasis on AI-driven financial software, as noted by CTO Alex Balazs, appears to be fostering investor confidence in the company's future growth opportunities.
• Differing analyst opinions on valuation and potential impacts from tax-refund seasonality suggest market uncertainty, contributing to a bearish movement in the stock today.