On August 26, Intuit declined 7.91% in regular trading, trading at $342.9/share with turnover of $500 million, as investors digested weak forward guidance despite a Q4 earnings beat.

Intuit reported fiscal Q4 adjusted EPS of $4.03, beating the consensus estimate of $3.58 by 12.6%, while revenue of $4.35 billion exceeded the $4.27 billion estimate. However, the FY2027 outlook became the core catalyst for selling pressure. The company guided FY2027 adjusted EPS of $22.88 to $23.12, dramatically below the Street consensus of $27.34. Revenue guidance of $23.28 billion to $23.51 billion also fell short of the $23.70 billion expectation. Additionally, TurboTax growth is projected to decelerate from 7% to 2-3%, while Mailchimp revenue is expected to remain flat or decline 1%.

Multiple investment banks cut price targets ahead of and following the report. Morgan Stanley downgraded the stock to Equal Weight with a $335 target, citing AI disruption risks to TurboTax. TD Cowen cut to Hold with a $304 target. Citigroup, Mizuho, Jefferies, and Barclays all lowered targets, reflecting broad institutional concern over slowing growth trajectories.

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