Intuit Downgraded to Hold, Price Target Cut to $275 on Growth Concerns
INTU•Stifel downgraded Intuit to Hold from Buy, cutting its target to $275 and lowering fiscal 2027 revenue to $23.44 billion and EPS to $26.94 while projecting TurboTax growth of 4%-6% and Global Business Solutions growth of 10%-15%. Credit Karma revenue rose 15% to $631 million, fueling cross‐sells and expanding platform.
1. Stifel Downgrades Intuit
Stifel lowered Intuit’s rating to Hold from Buy and trimmed its price target to $275 from $375, signaling concerns over the company’s growth trajectory and value-based pricing shift.
2. Forecast Cuts for Fiscal 2027
The brokerage cut Intuit’s fiscal 2027 revenue estimate to $23.44 billion and reduced EPS to $26.94, while projecting TurboTax growth of 4%-6% and Global Business Solutions growth of 10%-15%.
3. Credit Karma Growth Bolsters Platform
Intuit’s Credit Karma unit posted 15% revenue growth to $631 million, driving cross-sell opportunities and strengthening its position within the broader finance platform.
