On August 18, Intuit rose 3.39% in regular trading, trading at $351.55/share, with turnover of $205 million.

On the news front, U.S. AI application software stocks staged a broad counter-market rally, with Duolingo up nearly 6%, Asana and Intuit up over 4%, and Adobe, Atlassian, and Twilio following higher, reflecting a notable sector-wide sentiment recovery.

Additionally, Intuit is scheduled to report earnings on August 25. Market consensus expects quarterly revenue of approximately $4.268 billion, representing 13.95% year-over-year growth, with adjusted EPS forecast at $3.58, up 34.66% year-over-year. The combination of earnings recovery expectations and the AI-empowered SMB software narrative is providing near-term catalytic support.

It is worth noting that the stock has faced sustained valuation pressure from multiple analyst downgrades in recent weeks. Mizuho cut its price target to $430 from $500 on August 17, while Citi lowered its target to $457 and Morgan Stanley downgraded the stock to Equal Weight with a $335 target in July. The current average analyst target price stands at approximately $435.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)