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Wall Street Zen Downgrades Intuit Stock Rating
Analysts cut rating from "buy" to "hold" on financial software company
Feb. 28, 2026 at 7:42am
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Wall Street Zen, a research firm, has downgraded shares of Intuit (NASDAQ:INTU) from a "buy" rating to a "hold" rating in a new research report issued on Saturday. This comes as several other analysts have also lowered their price targets and ratings on Intuit stock in recent weeks.
Why it matters
Intuit is a major player in the financial software industry, providing popular products like QuickBooks, TurboTax, and Mint. Downgrades from analysts can impact investor sentiment and the stock price, potentially signaling concerns about the company's future performance and growth prospects.
The details
In their research note, Wall Street Zen cited a number of factors behind the rating downgrade, including reduced price targets from other analysts. KeyCorp lowered their price objective from $825 to $750, while Oppenheimer dropped their target from $696 to $558. Barclays also decreased their price forecast, going from $785 to $540. Despite the downgrades, the majority of analysts still rate Intuit as a "buy" or "moderate buy".
- Wall Street Zen issued the downgrade on Saturday, February 28, 2026.
The players
Wall Street Zen
A research firm that covers Intuit and other technology companies.
Intuit
A financial software company headquartered in Mountain View, California, known for products like QuickBooks, TurboTax, and Mint.
KeyCorp
An investment bank that covers Intuit and has lowered its price target on the stock.
Oppenheimer
A financial services firm that has also reduced its price objective for Intuit.
Barclays
A multinational investment bank that has decreased its price forecast for Intuit.
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 downgrade from Wall Street Zen and other analysts' lowered price targets suggest potential concerns about Intuit's future performance, though the company still maintains a 'buy' or 'moderate buy' rating from the majority of analysts covering the stock. Investors will likely be watching closely to see if the stock price continues to decline or if Intuit can rebound.
