New York, Feb 23, 2026, 16:43 EST — After-hours.
- Intuit shares closed down 5.5% and were little changed after the bell.
- Barclays cut its price target on Intuit while keeping an “overweight” rating.
- Traders are bracing for Intuit’s fiscal Q2 results on Feb. 26.
Intuit Inc (INTU.O) shares closed down 5.5% at $359.55 on Monday and eased to $358.41 in after-hours trade. The maker of TurboTax and QuickBooks touched $349 during the session and is down about 43% since early January. (StockAnalysis)
The drop came as Wall Street ended sharply lower, with investors rattled by renewed tariff uncertainty and a fresh round of worries about how quickly artificial intelligence could disrupt business models across parts of the market. (Reuters)
On the stock-specific side, Barclays lowered its Intuit price target to $540 from $785 while maintaining an “overweight” rating, according to an MT Newswires report. (MarketScreener)
Jefferies, meanwhile, reset its U.S. applications software views using an “AI risk” framework, downgrading several names to Hold while keeping Intuit among its preferred picks. Analyst Brent Thill wrote that for DocuSign, “double-digit growth reaccel is a ways away,” and flagged “persistent risks and weaker sentiment” across parts of the group. (Investing)
The tone matched trading in the wider software complex. The iShares Expanded Tech-Software Sector ETF (IGV) — a popular proxy for U.S. software stocks — fell about 4.9% in Monday afternoon trading, Nasdaq data showed. (Nasdaq)
For Intuit investors, the near-term calendar is tight. The company is due to report second-quarter fiscal 2026 results on Feb. 26, with executives set to discuss the numbers on a conference call that afternoon. (Intuit Inc.)
The near-term question is whether management can steady expectations into the heart of tax season and keep a lid on costs as companies across the sector spend to defend products from fast-moving AI competition.
But there is room for the stock to swing either way. If guidance disappoints or margins look squeezed, the selloff could extend; if results and outlook land better than feared, short-covering could add fuel after a steep run-down.
Beyond Intuit’s report, traders are also watching how tariff headlines and the AI “winners-and-losers” trade keep feeding into broader risk appetite after Monday’s index declines. (Investopedia)
Next up: Intuit’s Feb. 26 results and commentary, followed by how the stock trades into the end of the week as software sentiment resets again.
