Why Intuit Inc Stock Fell Despite a Fresh Upgrade as Tax Season Heats Up
Intuit shares dropped 3.9% Tuesday to about $455 despite a Redburn upgrade and a price target hike to $700. The company forecast third-quarter adjusted earnings below estimates due to higher spending ahead of tax season. January-quarter revenue rose 17% to $4.65 billion. Intuit said over 3 million customers now use its AI agents following a new partnership with Anthropic.