Wells Fargo Lowers Intuit Stock Price Target

Equities researchers at Wells Fargo & Company cut Intuit's price objective from $700 to $425.

Feb. 24, 2026 at 2:43pm

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Intuit (NASDAQ:INTU) had its price target lowered by Wells Fargo & Company from $700.00 to $425.00 in a note to investors on Tuesday. The brokerage firm maintained an 'equal weight' rating on the software maker's stock, indicating a potential upside of 15.48% from the current stock price.

Why it matters

This price target reduction by a major investment bank signals a more cautious outlook on Intuit's near-term stock performance, which could impact investor sentiment and trading activity around the company's shares.

The details

Wells Fargo cited a variety of factors in its decision to lower Intuit's price target, including recent financial reports and market conditions. The revised $425 price objective represents a significant decrease from the previous $700 target.

  • The price target reduction was issued on Tuesday, February 24, 2026.

The players

Wells Fargo & Company

A major American multinational financial services company that provides a variety of banking, investment, and mortgage products and services.

Intuit Inc.

A financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

This price target reduction by Wells Fargo reflects a more cautious outlook on Intuit's near-term stock performance, which could impact investor sentiment and trading activity around the company's shares as the market digests this news.