On September 25, Intuit fell 3.03% in regular trading, trading at $278.25/share, with turnover of $6.83 billion. The stock has been under sustained pressure following the company's September 17 Investor Day, where management reaffirmed a below-consensus FY2027 outlook.

Specifically, Intuit reiterated non-GAAP EPS guidance of $22.88 to $23.12, missing the analyst estimate of $23.14, and revenue guidance of $23.28 billion to $23.51 billion, below the Street consensus of $23.41 billion. Multiple brokerages, including UBS and RBC Capital Markets, noted the event was helpful for gradually rebuilding confidence but was unlikely to serve as a near-term catalyst. RBC highlighted that TurboTax's DIY share fell 3 points in FY2026 due to pricing pressure, and characterized FY2027 as a transition year requiring proof points on customer reacceleration for shares to rerate.

Market concerns persist over the revenue mix shift, with TurboTax growth expected to slow to 2%-3% and Mailchimp revenue projected flat to down 1%. Combined with broad analyst target price cuts since the August earnings report, the stock continues its post-guidance reset decline.

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