Noor Ul Ain Rehman
Wed, June 24, 2026 astatine 7:40 AM CDT 2 min read
In a abstracted development, Goldman Sachs downgraded Intuit Inc. (NASDAQ:INTU) to Sell from Neutral connected June 2, bringing the terms people connected the banal down to $276 from $519. The steadfast told investors successful a probe enactment that it believes statement estimates are apt excessively precocious for the adjacent 3 years, and that the institution whitethorn person to revise its semipermanent maturation targets lower. Goldman Sachs further stated that downward estimation revisions are apt to measurement connected the banal implicit the adjacent respective quarters earlier the marketplace adjusts to an updated maturation algorithm of 5%-10% income maturation for Intuit Inc. (NASDAQ:INTU).
Intuit Inc. (NASDAQ:INTU) provides concern and fiscal absorption solutions. Its operations are divided into the pursuing segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.
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