Intuit shares fall after weak annual revenue forecast

Intuit

26/08/2026 09:12

** Shares of TurboTax-parent Intuit INTU.O fall nearly 10% to $321.75 premarket
** Co forecast annual revenue below Wall Street expectations on Tuesday, as its push for customer growth and market-share gains would weigh on near-term sales
**  "We expect INTU shares to come under pressure. Q4, in itself, was solid but FY27 guidance will be the larger discussion point," says Barclays, which maintains "overweight" stance
** Co forecast Q1 revenue between $4.29 billion and $4.31 billion, below an estimate of $4.36 billion
** Thirty-six analysts rate stock "buy" on average; median PT is $408 - data compiled by LSEG
** Up to last day's close, the stock had fallen 46% YTD 

 (Reporting by Akriti Shah in Bengaluru)
 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))