NEW YORK, July 4, 2026, 16:02 (EDT)
- Intuit NASDAQ:INTU climbed 2.9% for the holiday-shortened week ending July 2, ahead of the Nasdaq Composite’s 2.1% rise.
- The stock ended the session at $275.35, just 35 cents above the lowest 12-month analyst target from Investing.com. The average target is $486.61.
- Intuit’s drop in 2026 has erased roughly $106 billion in market cap, going by the current share count.
- Next up for the stock is the ex-dividend date on July 9. The company’s fiscal Q4 results are due Aug. 20.
Intuit Inc. NASDAQ:INTU bounced 5.5% in the last two sessions of the U.S. holiday-shortened week. The gain didn’t do much to narrow the spread under the shares, with analysts’ targets still calling for a big rally while the stock sits not far from the Street’s bear case scenario.
U.S. stock markets were closed Friday, July 3, for the Independence Day holiday. Nasdaq trading resumes Monday, July 6. Regular hours are 9:30 a.m. to 4 p.m. ET, according to Nasdaq.
Intuit ended Thursday at $275.35, rising 3.10% for the session. The stock finished 2.85% higher versus its previous Friday close. The Nasdaq Composite dropped 0.8% Thursday with chip stocks down. Most of Intuit’s rebound happened late in the week and was limited, according to price data.
| Date | Close | Daily move | Volume |
|---|---|---|---|
| June 26 | $267.72 | up 4.96% | 10.78 mln |
| June 29 | $266.40 | down 0.49% | 5.40 mln |
| June 30 | $261.00 | dropped 2.03% | 5.26 mln |
| July 1 | $267.08 | added 2.33% | 4.81 mln |
| July 2 | $275.35 | rose 3.10% | 5.05 mln |
For investors, the target-price gap may matter more than the rebound itself. Investing.com puts the average 12-month target at $486.61, with the highest call at $921 and the low at $275. There are 27 Buy and one Sell rating. Thursday’s close lands just $0.35 over that low target. That puts implied upside at 76.7% to the average.
| Item | Value |
|---|---|
| July 2 close | $275.35 |
| Lowest 12-month target | $275.00 |
| Gap to lowest target | $0.35 |
| Average 12-month target | $486.61 |
| Implied upside to average target | 76.7% |
| Analyst count shown | 27 Buy / 1 Sell |
This matters since Intuit trades now as though analysts’ lower targets are getting pulled toward the main case. If the next update doesn’t bring better TurboTax numbers, analyst price targets might come under pressure instead of just the stock.
Even with gains the last two days, the hit is big. Barchart shows Intuit down 58.43% for the year and off 66.16% from its 52-week high of $813.70. Google Finance puts the share count at 273.54 million. Using that number, Intuit’s 2026 drop wipes out roughly $106 billion in market cap, which is more than Adobe Inc. NASDAQ:ADBE’s $88.44 billion market value.
| Measure | Intuit | S&P 500 | Nasdaq Composite |
|---|---|---|---|
| Week to July 2 | up 2.9% | up 1.8% | up 2.1% |
| Year so far | down 58.4% | up 9.3% | up 11.1% |
Indexes are split. According to AP, the S&P 500 is up 9.3% for the year, the Nasdaq has risen 11.1%, but Intuit is off more than 58%. The Dow closed at a record 52,900.07 on Thursday. Nasdaq finished lower at 25,832.67.
Intuit’s numbers are still rising even as the shares lag. The company posted fiscal Q3 revenue of $8.56 billion, up 10%, with non-GAAP EPS also up 10% at $12.80. CEO Sasan Goodarzi said some business lines are “growing north of 30 percent.” CFO Sandeep Aujla said they are “raising our full-year revenue guidance.” Intuit Inc.
Taxes remain the tough spot. Intuit dropped its full-year TurboTax revenue outlook in May, Reuters said, and said it would cut 17% of its workforce. The company estimated restructuring costs at $300 million to $340 million. CEO Goodarzi said they aim to “take pricing actions at the higher end” of their offerings. Reuters
Buyers don’t have a great dip record here. A Trefis analysis from July 2 said Intuit has seen three drops of 30% or more within a month since 2020. After those, the median one-year return was minus 7%, and the typical extra drawdown was 9%. The sample is small, but Trefis said that doesn’t support calling this latest bounce a bottom.
There’s not much on the calendar this week for company events, but Intuit has a key date coming up. Google Finance shows Intuit’s ex-dividend date as July 9, with the quarterly payout at $1.20 per share. Investing.com shows the next earnings report on Aug. 20. Intuit closes its fiscal fourth quarter on July 31 and expects fourth-quarter revenue to rise about 11% to 12%.
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