NASDAQ:INTU News 21 January 2026 - 2 February 2026

Intuit shares fell 0.8% to $498.92 Friday after the company disclosed a $5.8 billion short-term revolving credit facility for its early tax-refund program, maturing March 31. The company has not drawn on the facility. Fiscal second-quarter results are due Feb. 26.

Intuit shares fell 1.2% to $539.13 in after-hours trading Wednesday as investors weighed risks from generative AI competition. RBC Capital Markets maintained its Outperform rating and $850 target, citing limited exposure to “simple filers.” Intuit announced a hiring integration deal with Checkr and board-approved changes to director compensation. Shareholders rejected a diversity ROI report proposal at the annual meeting.

Intuit shares fell 2.9% to $545.67 Tuesday, with volume at 1.8 million, as the U.S. tax season began and the Fed started a policy meeting. The company disclosed new compensation terms for directors and rejected a shareholder proposal on diversity ROI. H&R Block dropped nearly 2.9%. The Nasdaq 100 rose about 1%, while the Dow slipped.

Intuit announced a multi-year partnership with Checkr to add background checks to QuickBooks Online Payroll and Intuit Enterprise Suite. INTU shares rose 0.2% to $565.36 by midday, trailing the S&P 500’s 0.6% gain. The move comes as tax season opens and investors await Intuit’s Q2 results at month’s end. Intuit reported $3.9 billion in revenue last quarter, up 18% year-over-year.

Intuit shares rose 2.97% to $563.97 in after-hours trading Friday, with volume topping 3.2 million shares. The IRS will open the 2026 tax-filing season on Jan. 26, citing new rules that could affect returns. Rival H&R Block fell 1.43% to $40.04. Intuit’s annual stockholder meeting is set for Jan. 22, with earnings due Feb. 24.

Intuit shares rose 3.3% to $542.10 by midday Thursday, rebounding from recent lows as traders focused on tax-season demand and upcoming earnings. Morgan Stanley cited a “credible path to 20% growth” driven by mid-market accounting and assisted tax expansion. The S&P 500 ETF gained 0.8%, while the Nasdaq-100 rose 0.9%. Wells Fargo recently downgraded Intuit and cut its price target to $700.

Intuit shares fell 0.6% to $525.93 in late morning trading Wednesday, following a 3% drop Tuesday. Morgan Stanley issued a bullish note, projecting potential doubling in value by 2030, citing growth in mid-market accounting and TurboTax Live. Investors are watching the annual stockholder meeting on Jan. 22 and quarter-end results on Jan. 31. The stock trades about 35% below its July 52-week high.