Stock Track | Intuit Plunges 5.02% in Pre-Market on Goldman Sachs Downgrade, Weak Earnings and Sector Pressure

Stock Track06-02 19:05

Intuit's stock experienced a significant pre-market plunge of 5.02% on Tuesday, reflecting heightened investor concern.

The sharp decline follows a Goldman Sachs analyst downgrade of Intuit from Neutral to Sell, accompanied by a substantial reduction in the price target to $276 from $519. This negative analyst action compounds existing investor worries stemming from the company's recent third-quarter earnings report, which revealed the slowest revenue growth pace in nearly two years, a planned workforce reduction of approximately 17% (or 3,000 employees), and a downward revision to its annual revenue guidance for the TurboTax segment.

Furthermore, the broader application software sector displayed widespread weakness in pre-market trading, adding downward pressure on Intuit's share price. While another firm, Rothschild & Co Redburn, maintained a Buy rating on the stock, it also adjusted its price target downward, reflecting a cautious market sentiment towards the company's near-term prospects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1115112160?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 19:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1115112160","market":"hk","top_or_hot":-1,"title":"Stock Track | Intuit Plunges 5.02% in Pre-Market on Goldman Sachs Downgrade, Weak Earnings and Sector Pressure","media":"Stock Track","content":"<p>Intuit's stock experienced a significant pre-market plunge of 5.02% on Tuesday, reflecting heightened investor concern.</p><p>The sharp decline follows a Goldman Sachs analyst downgrade of Intuit from Neutral to Sell, accompanied by a substantial reduction in the price target to $276 from $519. This negative analyst action compounds existing investor worries stemming from the company's recent third-quarter earnings report, which revealed the slowest revenue growth pace in nearly two years, a planned workforce reduction of approximately 17% (or 3,000 employees), and a downward revision to its annual revenue guidance for the TurboTax segment.</p><p>Furthermore, the broader application software sector displayed widespread weakness in pre-market trading, adding downward pressure on Intuit's share price. While another firm, Rothschild & Co Redburn, maintained a Buy rating on the stock, it also adjusted its price target downward, reflecting a cautious market sentiment towards the company's near-term prospects.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Intuit Plunges 5.02% in Pre-Market on Goldman Sachs Downgrade, Weak Earnings and Sector Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Intuit Plunges 5.02% in Pre-Market on Goldman Sachs Downgrade, Weak Earnings and Sector Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-06-02 19:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Intuit's stock experienced a significant pre-market plunge of 5.02% on Tuesday, reflecting heightened investor concern.</p><p>The sharp decline follows a Goldman Sachs analyst downgrade of Intuit from Neutral to Sell, accompanied by a substantial reduction in the price target to $276 from $519. This negative analyst action compounds existing investor worries stemming from the company's recent third-quarter earnings report, which revealed the slowest revenue growth pace in nearly two years, a planned workforce reduction of approximately 17% (or 3,000 employees), and a downward revision to its annual revenue guidance for the TurboTax segment.</p><p>Furthermore, the broader application software sector displayed widespread weakness in pre-market trading, adding downward pressure on Intuit's share price. While another firm, Rothschild & Co Redburn, maintained a Buy rating on the stock, it also adjusted its price target downward, reflecting a cautious market sentiment towards the company's near-term prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INTU","symbol_name":"财捷","start_time":0,"source_url":"","article_id":"1115112160","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115112160","pubTimestamp":1780398327,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Intuit's stock experienced a significant pre-market plunge of 5.02% on Tuesday, reflecting heightened investor concern.The sharp decline follows a Goldman Sachs analyst downgrade of Intuit from...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"INTU":"财捷"},"translate_title":"个股追踪|高盛下调评级、盈利疲弱及板块承压Intuit盘前暴跌5.02%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTU":1},"content_text":"Intuit's stock experienced a significant pre-market plunge of 5.02% on Tuesday, reflecting heightened investor concern.The sharp decline follows a Goldman Sachs analyst downgrade of Intuit from Neutral to Sell, accompanied by a substantial reduction in the price target to $276 from $519. This negative analyst action compounds existing investor worries stemming from the company's recent third-quarter earnings report, which revealed the slowest revenue growth pace in nearly two years, a planned workforce reduction of approximately 17% (or 3,000 employees), and a downward revision to its annual revenue guidance for the TurboTax segment.Furthermore, the broader application software sector displayed widespread weakness in pre-market trading, adding downward pressure on Intuit's share price. While another firm, Rothschild & Co Redburn, maintained a Buy rating on the stock, it also adjusted its price target downward, reflecting a cautious market sentiment towards the company's near-term prospects.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1115112160","isCrawlerRequest":true}