Analysts Slash Intuit Price Targets on Aug 26, New Low of $290 Set by Piper Sandler
On August 26, 2026, five research firms revised their Intuit (NASDAQ:INTU) price targets after the company's FY2027 guidance came in well below consensus. Oppenheimer cut its target to $380 from $406 while keeping an Outperform rating. Piper Sandler raised its target to $290 from $250 but kept its bearish Underweight rating, making $290 the lowest confirmed target in this batch. JPMorgan downgraded the stock to Neutral from Overweight and cut its target to $331 from $605, and Bank of America downgraded to Neutral from Buy, cutting its target to $360 from $400. Stifel raised its target to $300 from $275 while keeping a Hold rating, citing a lowered growth outlook. The moves followed Intuit's Q4 FY2026 beat on revenue and EPS, overshadowed by FY2027 guidance well under Street expectations.
A wave of analyst notes hit INTU on August 26, 2026 after Intuit's FY2027 guidance came in well below what Wall Street had penciled in. The company beat Q4 FY2026 estimates, posting $4.35 billion in revenue against a roughly $4.27 billion consensus and adjusted EPS of $4.03 versus an estimated $3.58, but shares fell sharply in after-hours trading as investors focused on the outlook: FY2027 revenue guided to $23.28 billion to $23.51 billion, well under the roughly $23.72 billion to $23.74 billion consensus, and adjusted EPS guided to $22.88 to $23.12 versus roughly $27.31 expected .
Oppenheimer cut its price target to $380 from $406 while maintaining its Outperform rating, framing the move as a trim for slower growth rather than a change of heart on the stock . Piper Sandler actually raised its target, to $290 from $250, even as it kept its Underweight rating; the firm noted Intuit's Q4 results were solid but that the initial FY2027 revenue growth midpoint of about 9.1% fell short of its own 11.1% estimate . Among the five confirmed Aug 26 actions, $290 is the lowest target, alongside Oppenheimer's $380, JPMorgan's $331, Bank of America's $360, and Stifel's $300.
Two firms went further than trimming targets and cut their ratings outright. JPMorgan downgraded Intuit to Neutral from Overweight, slashing its target to $331 from $605, and Bank of America downgraded the stock to Neutral from Buy, cutting its target to $360 from $400. Both framed the FY2027 reset as a signal of broader structural pressure on Intuit's business, citing TurboTax pricing competition from cheaper alternatives, Mailchimp stagnation, desktop softness, and rising AI-driven competition in tax prep, rather than a one-quarter blip.
Stifel took a different tack, raising its target to $300 from $275 while keeping a Hold rating, which suggests the firm sees the reset already reflected at current levels even as it remains neutral on the stock. Stifel flagged TurboTax customer losses to cheaper DIY alternatives, moderating TurboTax Live growth, and slowing online customer acquisition, and said management needs to rebuild its top-of-funnel go-to-market approach.
Taken together, the five actions suggest analysts broadly agree Intuit's FY2027 growth algorithm has reset lower, even where they disagree on rating direction. Investors may want to watch how TurboTax pricing and Mailchimp trends develop over the next few quarters, since those are the drivers each firm cited as the source of the guidance miss.
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