On July 21, Intuit declined 4.97% in regular trading, trading around $285.74 per share, with turnover of approximately $70.12 million.

On the news front, Morgan Stanley downgraded Intuit from Overweight to Equal Weight and slashed its price target from $580 to $335, representing a reduction of over 42%. This marks the latest in a series of significant analyst downgrades since June. Susquehanna cut its target price from $550 to $427 on July 20 while maintaining a positive rating. Goldman Sachs had downgraded the stock from Neutral to Sell in early June, cutting its target to $276 from $519. Stifel also downgraded Intuit from Buy to Hold with a target of $275.

According to FactSet, the average analyst price target currently stands at $458.86, with a consensus overweight rating. The sustained wave of downgrades from multiple major banks has continued to weigh on market sentiment and intensified selling pressure on the stock.

(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.)