Intuit Stock Drops 10.42% in Three Days, Trading Volume Ranks 84th
1min read On April 7, 2025, intuit (INTU) experienced a decline of 0.94%, marking its third consecutive day of losses, with a cumulative drop of 10.42% over the past three days. The company's trading volume for the day was 15.47 billion, placing it 84th in the overall market rankings.
Intuit's recent performance has been influenced by several key factors. DBS Bank recently adjusted its price target for Intuit to $740 from $760, while maintaining a buy rating. Similarly, Jefferies reduced its price target to $735 from $800, but also kept a buy rating. JPMorgan upgraded Intuit to overweight from neutral, setting a new price target of $660 from $640. These adjustments reflect the analysts' confidence in the company's long-term prospects despite recent market volatility.
Additionally, Intuit has been making strategic moves to enhance its product offerings. The company recently launched the "Tap to Pay on iPhone" feature for QuickBooks Online customers in the U.S., enabling small and mid-market businesses to accept contactless payments. This innovation is part of Intuit's broader strategy to leverage technology and AI to support small businesses, as highlighted by the launch of the Intuit Small Business Growth Council in the UK.
Intuit's management team, led by CEO Sasan Goodarzi, continues to focus on driving growth and innovation. The company's strong market position and diverse product portfolio, which includes QuickBooks, TurboTax, and Credit Karma, position it well to navigate the current economic landscape. Despite the recent stock price fluctuations, Intuit remains a key player in the financial technology sector, with a market capitalization of approximately $157 billion.
Ask Aime: What factors have contributed to Intuit's recent stock decline, and how might it affect the financial technology sector?
