Goldman Sachs Downgrades Intuit Inc. (INTU) to Sell, Here’s Why

Intuit Inc. (NASDAQ:INTU) is one of top cheap stocks with Strong Buy ratings on Wall Street. Goldman Sachs downgraded Intuit Inc. (NASDAQ:INTU) to Sell from Neutral on June 2, bringing the price target on the stock down to $276 from $519. The firm told investors in a research note that it believes consensus estimates are likely too high for the next three years, and that the company may have to revise its long-term growth targets lower. Goldman Sachs further stated that downward estimate revisions are likely to weigh on the stock over the next several quarters before the market adjusts to an updated growth algorithm of 5%-10% sales growth for Intuit Inc. (NASDAQ:INTU). The firm also believes that the company is entering a period of heightened competition in tax.

TD Cowen Expects Strong Q3 Performance from Intuit (INTU)

In its financial results for fiscal Q3 2026, reported on May 20, Intuit Inc. (NASDAQ:INTU) reported total revenue of $8.6 billion, reflecting a 10% year-over-year growth. The company raised its full-year 2026 revenue guidance to between $21.341 billion and $21.374 billion.

Intuit Inc. (NASDAQ:INTU) provides business and financial management solutions. Its operations are divided into the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.

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