Intuit Stock Slips Despite Strong Quarter; RBC Keeps $850 Price Target

Shares of Intuit (INTU, Financials) fell nearly 6% in after-hours trading after the company issued light guidance for Q1 fiscal 2026, even as it reported strong Q4 results.

Revenue rose 20% year over year in Q4 and 16% for the full fiscal year; gross margin came in at 80.4%. Yet the outlook disappointed, pushing several analysts to trim their expectations.

RBC Capital kept its Outperform rating and $850 price target. Analyst Rishi Jaluria acknowledged the weak near-term guidance but said it excludes the firm's AI agents already being used by millions which could become a meaningful growth lever down the line.

The company showed strength across business lines. GBS grew 18% year over year; TurboTax Live surged 47%; Credit Karma revenue rose 32%; and margins improved.

KeyBanc lowered its price target to $825, citing weakness at Mailchimp. UBS cut its target to $725 while holding a Neutral rating. Stifel and BofA kept their targets at $800, with BofA calling Intuit's core businesses stable.

Goldman Sachs maintained a Buy rating and $860 target, downplaying the Consumer segment miss and softer free cash flow.

Despite near-term caution, most analysts still view Intuit as a long-term winner.