On September 28, Intuit fell 3.1% in regular trading, trading at $263.31/share, with turnover of approximately $94.79 million. The stock continues to face selling pressure following its September 17 investor day, where the company reaffirmed a below-consensus FY2027 outlook.

Specifically, Intuit guided non-GAAP EPS of $22.88 to $23.12, falling short of the analyst estimate of $23.14, while revenue guidance of $23.28 billion to $23.51 billion also missed the Street expectation of $23.41 billion. TurboTax growth is projected to decelerate to just 2%-3%, down from 7% in FY2026, with DIY tax share declining approximately 3 percentage points. Mailchimp revenue is expected to be flat or decline. Multiple analysts, including UBS and RBC Capital Markets, characterized the event as helpful for rebuilding confidence over time but not a near-term catalyst.

RBC noted that FY2027 will be a transition year and that shares will need proof points on customer reacceleration to rerate. UBS maintained a neutral rating with a $360 target. Meanwhile, Assisted Tax, Money, and Mid-Market segments, growing over 30% collectively, now represent about 30% of revenue, offering a potential offset but insufficient to ease broader structural concerns.

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