New York, March 2, 2026, 18:44 (EST) — After-hours
- Intuit climbed 2.45% during regular hours, but the stock barely moved after the bell.
- After starting lower, Wall Street clawed back some ground thanks to a tech bounce, while oil surged on fresh Middle East news.
- Management remarks at a Morgan Stanley conference, along with Friday’s U.S. jobs data, have investors’ attention.
Intuit Inc finished Monday up 2.45% at $419.06, notching a four-day winning streak before settling out near flat in late trading. Shares changed hands between $401.45 and $429.63, with volume reaching 5.6 million—well ahead of the 50-day average of about 3.6 million. On the session, Intuit topped Adobe and Paychex, though Oracle pulled further ahead.
U.S. stocks reversed earlier declines, snapping back after air strikes by the U.S. and Israel on Iran rattled markets and sent oil prices higher. “Until the price of oil gets to $100 a barrel, investors tend not to flinch,” said Alex Morris, CEO of F/m Investments. Reuters
The stakes are high for Intuit these days. Software stocks have seesawed as chatter grows over AI’s potential to disrupt industry models, pushing traders to pick likely winners and losers. “There continues to be this … back and forth about who might be the victim,” Kristina Hooper, chief market strategist at Man Group, told Reuters. Investors are also bracing for the monthly U.S. jobs report due Friday. Reuters
Another item on investors’ radar: Intuit announced CEO Sasan Goodarzi is set to speak Monday at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco. The company expects the replay to be available roughly 24 hours after the session wraps up.
Intuit posted second-quarter fiscal 2026 revenue of $4.65 billion, a 17% increase, and non-GAAP earnings hit $4.15 per share. CEO Goodarzi described Intuit as “defining a new category at the intersection of AI and human intelligence,” highlighting how the company is weaving automation and human assistance into platforms like TurboTax and QuickBooks. Business Wire
The company flagged higher costs ahead, saying expenses will climb in the short term. Intuit expects third-quarter adjusted earnings to miss Wall Street targets, citing heavier spending on marketing and customer support at the height of U.S. tax season. Even so, the firm stuck to its full-year guidance, according to Reuters.
The spending is hitting the street. TurboTax rolled out nearly 600 “expert” offices and roughly 20 stores this season, according to Business Insider, stepping up in-person assistance as it aims to lure clients away from established assisted-tax chains. Business Insider
Analysts are still recalibrating after the software sector’s drop. TD Cowen trimmed its price target to $633 from $658, while Mizuho now sees $600 instead of $675; both firms kept bullish ratings, MT Newswires reports.
The danger: Intuit could be hit with bigger marketing and payroll bills just ahead of any slowdown. Should filings lose momentum or consumers dial back on credit, those tax-season margins could take a hit—software valuations don’t hold up long in a choppy market.
All eyes now shift to the Morgan Stanley webcast replay, where traders hope management drops some new hints. Next on the docket: Friday’s U.S. jobs report for February, set to hit at 8:30 a.m. ET on March 6. That release could steer the conversation on interest rates and risk appetite.
