Intuit Drops Again With TurboTax AI Questions Back in Focus
Intuit Inc. shares slipped Tuesday as Mizuho lowered its price target on the tax and accounting software company. The move kept pressure on a stock that has already been under fire from concerns about TurboTax growth and competition from artificial intelligence. The stock fell 3.8% to $307.93 by midday in New York after hitting a session low of $307.02. That drop caught attention, since the Invesco QQQ Trust, which tracks the Nasdaq 100, added 1.3%, while the SPDR S&P 500 ETF climbed 0.5%.
