Intuit ( (INTU) ) has fallen by -7.61%. Read on to learn why.
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Intuit, the renowned U.S. software company known for its financial tools like TurboTax and QuickBooks, experienced a notable decline in its stock price, dropping by 7.61% over the past week. This downturn comes despite the company’s strong fiscal fourth-quarter performance, where it reported a 20% year-over-year revenue increase to $3.8 billion, surpassing analyst expectations. The decline in stock price is largely attributed to the company’s forecast of slower revenue growth for Fiscal 2026 compared to Fiscal 2025, which has raised concerns among investors.
Despite the recent dip, Intuit continues to receive strong support from top analysts, maintaining a consensus ‘Buy’ rating. Analysts have set an average price target of $846.29, suggesting a potential upside of over 21% from current levels. The company’s robust performance in segments like Credit Karma, which saw a 34% year-over-year growth, and its ongoing advancements in AI-powered platforms, have been highlighted as key strengths. However, the projected slower growth rate has overshadowed these positives, impacting investor sentiment.
Intuit’s strategic initiatives, including a 15% increase in quarterly dividends and a new $3.2 billion share buyback plan, underscore its commitment to delivering shareholder value. Looking ahead, the company anticipates a 12% to 13% revenue growth for Fiscal 2026, with significant contributions expected from its Global Business Solutions and Credit Karma segments. While the current stock price movement reflects short-term concerns, the long-term outlook remains optimistic, supported by strong analyst endorsements and strategic growth plans.