On August 17, Intuit fell 3.05% in regular trading, trading at $335.265 USD/share, with Turnover of $2.91 billion. The decline was triggered by Mizuho cutting its price target on Intuit from $500 to $430 while maintaining an Outperform rating.

The move marks the latest in a series of analyst downgrades weighing on sentiment. Citigroup recently reduced its target from $591 to $457, Susquehanna cut from $550 to $427, while Morgan Stanley downgraded the stock to Equal Weight with a target slashed from $580 to $335. TD Cowen also downgraded to Hold with a $304 target. The current consensus average target stands at approximately $435.

Morgan Stanley has flagged near-term pressure stemming from AI disruption concerns around TurboTax, noting investor confidence in revenue acceleration will take time to rebuild, with clarity unlikely before fiscal Q3 results. With Intuit's next earnings report scheduled for August 25, risk around fiscal Q4 results and fiscal 2027 guidance remains a key overhang.

(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.)