Is Intuit Stock a Buy in 2026 After Falling 67% From Its 52-Week High?

Key Takeaways for Intuit Stock as of June 2026

• Analysts rate Intuit stock 21 Buys / 6 Outperforms / 6 Holds / 1 Sell with a street mean target of $491, implying 84% upside from the current price of $267.
• TIKR’s mid-case model values Intuit at $444 by July 2030, implying 66% total return from current levels, or 13% annualized.
• Intuit stock has fallen 67% from its 52-week high of $814 while fiscal Q3 EBITDA reached $4.73 billion on a 55% margin, a business-level result that has no relationship to the AI disruption narrative driving the selloff.
• The $8 billion share buyback authorization and a 17% workforce reduction flowing primarily to the bottom line signal management’s belief that the selloff is a mispricing, not a rerate.

Intuit stock trades at a 67% discount to its 52-week high while 27 of 34 analysts rate it a Buy or better. See the full model and analyst target breakdown on TIKR for free →

Intuit Stock Posts 55% EBITDA Margins as the Market Prices It Like a Broken Business

Intuit Inc. (INTU) reported fiscal Q3 2026 revenue of $8.56 billion, up 10% year over year, following its May 20, 2026 earnings call, with adjusted EPS of $12.80, beating the Street’s $12.57 estimate by 2%.

The selloff in Intuit stock has disconnected from the operating results by a margin that is difficult to explain.

Three of Intuit’s growth engines — TurboTax Live, the money portfolio, and mid-market via Intuit Enterprise Suite — each grew north of 30% in Q3 fiscal 2026.

TurboTax Live customers grew 38%, revenue grew 36%, and the offering now represents 53% of total TurboTax revenue, up 11 points year over year — a meaningful structural shift inside the franchise that the stock price does not reflect.

QuickBooks Online Accounting revenue grew 22%, driven by higher effective prices, customer growth, and mix shift, while total online payment volume grew 30% including Bill Pay in Q3 fiscal 2026.

Global Business Solutions revenue reached $3.3 billion, up 15%, and Online Ecosystem revenue grew 19%, accelerating to 22% when Mailchimp is excluded.

The part that broke in Q3 was narrow and specific: price-sensitive DIY TurboTax filers earning less than $50,000 per year defected on price, and total IRS filings declined roughly 30 basis points below macro expectations — an industry-wide contraction representing roughly 2 million fewer returns than forecast.

CEO Sasan Goodarzi addressed the mechanism directly on the Q3 earnings call: “Customers buy confidence, not code, which is why they spend at least 7x more on accounting and tax experts than on software alone.”

The workforce reduction of 17% — nearly 3,000 roles globally — targets management layers, coordination-heavy roles, and duplication created by the TurboTax-Credit Karma integration, with CFO Sandeep Aujla confirming that the majority of cost savings flow to the bottom line rather than reinvestment.

Intuit now expects fiscal 2026 full-year revenue of $21.34 billion to $21.37 billion, up 13% to 14%, with adjusted EPS guidance of $23.80 to $23.85, well above the prior consensus of $23.21. Q4 revenue growth guidance of 11% to 12% came in line with analyst expectations and management’s stated commitment to delivering mid-teens EPS growth annually going forward.

Check the full actuals and forward estimate trajectory for INTU — including the EBITDA margin build — on TIKR for free →

INTU Holds 27 Buy Ratings While the Stock Trades 67% Below Its 52-Week High

Following Q3 fiscal 2026 results, 27 of 34 analysts covering Intuit stock rate it a Buy or Outperform, with a street mean target of $491, implying 84% upside from the current price of $267.

Quarterly EBITDA reached $4.73 billion in Q3 fiscal 2026, beating the Street’s $4.66 billion estimate, with EBITDA margins of 55%, above the prior year’s 57% primarily due to Q3 seasonality compression as Intuit’s March quarter carries peak tax-season revenue concentration.

Intuit stock’s FCF reached $5.24 billion for the Q3 period, 15% above the $4.57 billion estimate, with FCF margins of 61%, a cash generation profile the current stock price does not credit.

The analyst split following May earnings reflects a concrete disagreement about competitive positioning: the buy camp sees TurboTax Live’s 38% customer growth and QuickBooks Enterprise Suite’s 37% quarter-over-quarter contract increase as structural proof points that the platform is gaining share in high-TAM segments, while the hold camp — and the lone sell from Goldman Sachs — argue that the DIY segment model change introduces execution uncertainty and that near-medium term growth targets may need to reset downward.

Intuit Stock Generates More EBITDA in One Quarter Than ADP Does in Three

Intuit stock’s Q3 fiscal 2026 EBITDA of $4.73 billion exceeded ADP’s $1.89 billion for the same period by 2.5x, despite both companies serving overlapping small and mid-market business payroll and financial management customers.

Workday’s (WDAY) Q3 EBITDA of $840 million was less than one-fifth of Intuit’s print, and forward estimates show the gap widening, with Intuit projected to reach $5.29 billion in EBITDA by the April 2027 quarter against Automatic Data Processing’s (ADP) $2.07 billion and Workday’s $950 million.

The competitive read matters for valuation: a business generating $4.73 billion in quarterly EBITDA at 55% margins, trading at a 67% discount to its 52-week high, sits at a wider gap to its own earnings power than either peer reflects in their current market pricing.

Is Intuit Stock Undervalued in 2026? TIKR’s $444 Mid-Case Says the Market Has It Wrong

TIKR’s mid-case values Intuit at $444 by July 2030, implying 66% total return from the current price of $267, or 13% annualized over 4.1 years.

Forward estimates project EBITDA growth of 29% in the July 2026 quarter and 20% in October 2026, as the workforce reduction removes cost faster than revenue decelerates.

The August platform launch — Goodarzi’s “sweeping expansion” of the AI-driven control tower with consumption-based pricing for AI agent services — is the catalyst TIKR’s mid-case needs to sustain 10% to 11% revenue growth through the forecast period.

Intuit stock reaches $444 if TurboTax Live holds its 53%-and-growing share of the franchise, Intuit Enterprise Suite keeps converting mid-market contracts at the pace it showed in Q3 fiscal 2026, and the $8 billion buyback reduces the share count while the stock trades at current levels.

Explore INTU’s forward EBITDA estimates and the full valuation model assumptions on TIKR for free →

Should You Invest in Intuit Inc.?

The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.

Pull up Intuit Inc. stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.

You can build a free watchlist to track Intuit Inc. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.

Access Professional Tools to Analyze INTU stock on TIKR for Free →