Intuit price target lowered to $825 from $850 at KeyBanc

KeyBanc lowered the firm’s price target on Intuit (INTU) to $825 from $850 and keeps an Overweight rating on the shares. Intuit’s Q4 revenue and non-GAAP operating income came in ahead of the Street, but FY26 revenue and non-GAAP operating income guidance was below the Street’s estimates amid continued Mailchimp headwinds in FY26 and a tougher pricing compare vs. FY25, the analyst tells investors in a research note. KeyBanc remains constructive on healthy, fundamental momentum in mid-market and high-confidence margin expansion.