--- title: "Weekly Recap | Intuit +6.17%, most brokers rate it buy as shares near record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/296668258.md" description: "Intuit (INTU) rallied 6.17% this week, closing at $367.00 and outpacing the S&P 500 by roughly 7.6 percentage points. The week played out in a clear V-shaped pattern: shares opened Monday at $339.08 and slid to an intraweek low of $332.10 before staging a sharp recovery. Tuesday saw a powerful bounce to $350.41, and the advance extended into Wednesday with the stock finishing at $362.47. The final two sessions were spent consolidating at elevated levels, with Friday’s high of $371." datetime: "2026-08-22T05:01:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296668258.md) - [en](https://longbridge.com/en/news/296668258.md) - [zh-HK](https://longbridge.com/zh-HK/news/296668258.md) generator: "portal-rs" --- # Weekly Recap | Intuit +6.17%, most brokers rate it buy as shares near record highs ## The Week Intuit (INTU) rallied 6.17% this week, closing at $367.00 and outpacing the S&P 500 by roughly 7.6 percentage points. The week played out in a clear V-shaped pattern: shares opened Monday at $339.08 and slid to an intraweek low of $332.10 before staging a sharp recovery. Tuesday saw a powerful bounce to $350.41, and the advance extended into Wednesday with the stock finishing at $362.47. The final two sessions were spent consolidating at elevated levels, with Friday’s high of $371.70 brushing against record territory before settling at $367.00. ## Key Events Intuit’s week was dominated by legal headlines and a growing focus on its upcoming earnings. Early in the week, several law firms issued investor alerts regarding a securities fraud class action against the company, with a filing deadline of September 8. Grant & Eisenhofer also joined the fray on Tuesday, filing a separate lawsuit and extending the class period. The share price, however, showed little sign of distress from these developments. Attention quickly pivoted to fundamentals. Multiple brokerages reaffirmed their ratings midweek: Evercore ISI stayed at buy, while Wells Fargo maintained its hold rating. On Friday, commentary emerged highlighting Intuit’s strong profitability and EPS growth as justification for a buy rating, even as near-term revenue growth is expected to moderate. Separately, Tocqueville Asset Management disclosed a new $4.44 million position in the stock. No material corporate filings were released during the week. ## Analyst Ratings As of this week, 35 analysts cover Intuit. The breakdown shows 19 buy, 5 overweight, 9 hold, 1 underweight, and 1 sell rating, with none sitting on the fence. Combined, 24 brokers rate it a buy or overweight. The consensus recommendation is a buy, and the consensus price target sits at $446.02, implying roughly 21.5% upside from the week’s close. The range of individual targets is notably wide, spanning from a low of $250.00 to a high of $921.00, signalling significant disagreement about the stock’s fair value. Within the application software industry, Intuit ranks 8th out of 198 peers. ## The Week Ahead All eyes turn to Intuit’s fiscal Q4 2026 earnings, scheduled for release after the market closes on Tuesday, August 25. The Street is calling for earnings per share of $0.77 on revenue of about $4.27 billion. This report will be the critical test of the company’s profitability narrative and forward guidance. On the macro front, the same day brings a wave of US housing data—FHFA and Case-Shiller home price indices, along with new home sales and the Conference Board’s consumer confidence index—which could set the broader market tone. ## In Short Intuit bucked a declining market this week, climbing close to record highs and showcasing strong individual momentum. The signals, however, are mixed. Nearly all covering analysts rate the stock a buy or overweight, with the consensus target offering more than 20% upside. Yet the latest session’s fund flow data points to net selling across large, medium, and small lots, with retail investors notably pulling back—perhaps a sign of profit-taking ahead of the earnings event. Trading at roughly 21.9 times trailing earnings, the stock now faces the week’s defining tension: whether its upcoming results can justify the current valuation. The answer arrives on Tuesday. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [INTU.US](https://longbridge.com/en/quote/INTU.US.md) ## Related News & Research - [Intuit Stock: Analyst Estimates & Ratings](https://longbridge.com/en/news/296507992.md) - [Intuit (INTU) Projected to Post Quarterly Earnings on Tuesday](https://longbridge.com/en/news/296181140.md) - [Wells Fargo Keeps Their Hold Rating on Intuit (INTU)](https://longbridge.com/en/news/296469877.md) - [Intuit: Buy Rating Reaffirmed on Strong Profitability and EPS Growth Despite Moderating Near-Term Revenue](https://longbridge.com/en/news/296599355.md) - [How To Earn $500 A Month From Intuit Stock Ahead Of Q4 Earnings](https://longbridge.com/en/news/296615583.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**