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Goldman Sachs Cuts Intuit Price Target to $519
Analysts lower price target on software maker amid broader market volatility
Feb. 27, 2026 at 2:33pm
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The Goldman Sachs Group has lowered its price target for Intuit (NASDAQ:INTU) from $720.00 to $519.00, while maintaining a "neutral" rating on the stock. This comes as the investment bank and several other research firms have reduced their price targets for the financial software company in recent weeks.
Why it matters
Intuit's stock has faced significant volatility in recent months as the broader market has grappled with concerns over inflation, interest rate hikes, and a potential economic slowdown. The reduced price targets from analysts reflect these broader macroeconomic headwinds and their impact on the company's growth outlook.
The details
In a research note, The Goldman Sachs Group cited the challenging market environment in lowering its price target on Intuit. The new $519.00 target still represents a potential upside of 33.68% from the company's previous closing price. Several other analysts have also cut their price targets for Intuit in recent weeks, with KeyCorp reducing its target from $825.00 to $750.00 and Weiss Ratings downgrading the stock from "buy" to "hold".
- The Goldman Sachs Group issued its updated price target and rating on Intuit on Friday, February 27, 2026.
The players
The Goldman Sachs Group
A multinational investment bank and financial services company headquartered in New York City.
Intuit Inc.
A financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products.
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
The reduced price targets for Intuit reflect the broader market volatility and economic uncertainty that has impacted the financial software sector. While Intuit remains a well-regarded company, investors will be closely watching the company's performance and outlook in the coming quarters as it navigates these challenging conditions.
