On September 8, Intuit declined 3.37% in regular trading, trading at $318.185/share, with turnover of $92.54 million, as the stock continued to face selling pressure following its soft fiscal 2027 outlook and a wave of analyst target price cuts.

Intuit reported fiscal Q4 adjusted EPS of $4.03, beating the $3.58 consensus, while revenue of $4.35 billion also topped estimates. However, the company guided fiscal 2027 adjusted EPS of $22.88-$23.12, significantly below the Street's $27.34 estimate, and projected revenue of $23.28-$23.51 billion versus the $23.70 billion consensus. Management attributed the slowdown to weaker Mailchimp sales, desktop product declines, and lower TurboTax revenue per customer as the company shifts toward free and low-cost offerings to rebuild customer growth.

Following the results, multiple investment banks slashed price targets. JPMorgan cut its target to $331, Bank of America to $360, Daiwa to $400, and Wolfe Research downgraded the stock to Peer Perform. Analysts flagged uncertainty around whether lower entry pricing can restore growth without impairing the long-term algorithm. The broader Application Software sector also traded lower, with Salesforce down 4.29% and Strategy down 4.45%.

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