On September 12, Intuit rose 3.04% in regular trading, trading at $322.14/share, with turnover of $497 million. The stock had been under significant pressure since late August, and today's rebound reflects a combination of positive analyst commentary and broader sector tailwinds.

On the news front, RBC Capital Markets analysts noted that Intuit's upcoming investor day could help gradually rebuild investor confidence, even though the event is unlikely to serve as a near-term catalyst. Intuit shares had been weighed down after the company issued fiscal 2027 guidance well below expectations — non-GAAP EPS guidance of $22.88 to $23.12 versus the Street estimate of $27.30, and revenue guidance of $23.28 billion to $23.51 billion versus the consensus of $23.70 billion. Multiple banks subsequently cut price targets, with Daiwa lowering to $400, Bank of America to $360, and JPMorgan to $331, while Wolfe Research downgraded the stock to Peer Perform.

Meanwhile, the application software sector posted broad gains, with Salesforce up 2.27%, Adobe up 1.52%, and Palantir up 1.16%, providing additional support for Intuit's recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)