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Truist Securities Downgrades Intuit to Hold, Lowers Price Target to $350

BenzingaAug 3, 2026, 8:07 PMBenzinga Newsdesk

Truist Securities analyst Arvind Ramnani downgrades Intuit (NASDAQ:INTU) from Buy to Hold and lowers the price target from $410 to $350.

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benzinga
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Aug 3, 2026, 8:07 PM
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Aug 3, 2026, 8:07 PM
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  1. The Motley FoolAug 26, 2026, 3:15 PMRich Smith

    Why Intuit Stock Dropped Today

    Intuit stock fell 4% despite beating Q4 and fiscal 2026 earnings expectations with strong 14% revenue growth. The sell-off was triggered by weaker-than-expected forward guidance, with the company forecasting Q1 2027 sales growth to slow to 11% and full-year 2027 growth of only 9-10%. However, the analyst argues the stock appears undervalued at a sub-1.0 PEG ratio with expected 22-24% earnings growth.

    Read original at the-motley-fool