Intuit's Growth Case Faces a Damaged Stock

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Article published Sep 28, 2026. Prices below use latest available snapshots.

INTU Price Structure

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Intuit is cratering: 61.7% below its 52-week high, down 24.8% since August 28, and 32.9% below its 200-day average. At the 2026-09-28 settled close, INTU $269.40 was -14.5% versus its 20-day average and -24.8% over 30 days. The newest verified derived fourth quarter ends 2026-07-31 (filed 2026-09-09); revenue was $4.35B. Against 2025-07-31 revenue of $3.83B, that is +13.7% year over year. The stock is deeply below its 200-day average while TurboTax and QuickBooks customer retention remains the operating test; an analyst target is not proof of demand. The standing call is 🔴 Stand aside. No entry, stop or target; the long trend is broken · low conviction.

Quick Snapshot (as of 2026-09-28)

Question Answer
The call 🔴 Stand aside. No entry, stop or target; the long trend is broken · low conviction.
What it is The maker of TurboTax, QuickBooks, Credit Karma and Mailchimp, selling tax, accounting and marketing software to consumers and small businesses.
Why now Prior case (2026-09-23): This file opened in April on an AI-disruption repricing of application software; the de-rating has deepened since, and the September decline has no company receipt.
Proof Latest verified period ended 2026-07-31, filed 2026-09-09: revenue $4.35B. Prior case: The fiscal fourth-quarter report (August 25) set fiscal 2027 guidance, and Goldman Sachs raised its target to $304 from $276 on August 28, per the news pull. The stock is now below that target.
Objection to a bounce The desk's own record flags the thesis as broken, with a sixth straight week of deterioration in the September 23 action digest.
Stock setup The long trend is broken and the stock remains under its 200-day average; -14.5% versus the 20-day, -32.9% versus the 200-day, RSI 27.8.

Action Matrix (reviewed 2026-09-28; levels are standing conditions)

Signal If Then
🟡 Wait A base forms for several weeks and price reclaims the 50-day (about $325) The first evidence the slide has stopped; still no entry until the 200-day is in view.
🔴 Out Price stays in its downtrend below the 200-day Stand aside; oversold is not a signal in a collapse.
🔴 Thesis breaks The next report shows TurboTax or QuickBooks customer counts falling The AI-disruption case is showing up in the numbers.

The Story Right Now (as of 2026-09-28)

Intuit is cratering: 61.7% below its 52-week high, down 24.8% since August 28, and 32.9% below its 200-day average.

Data as of 2026-09-28 close: INTU $269.4, RSI 27.8, strong-down, -14.5% vs SMA20, -32.9% vs SMA200, 7D -11.4%, 30D -24.8%, 1Y -61.2%, -61.7% from the 52-week high.

Business and mechanism. The maker of TurboTax, QuickBooks, Credit Karma and Mailchimp, selling tax, accounting and marketing software to consumers and small businesses.

Prior case (2026-09-23). This file opened in April on an AI-disruption repricing of application software; the de-rating has deepened since, and the September decline has no company receipt.

Prior proof (2026-09-23). The fiscal fourth-quarter report (August 25) set fiscal 2027 guidance, and Goldman Sachs raised its target to $304 from $276 on August 28, per the news pull. The stock is now below that target.

The countercase. The stock is deeply below its 200-day average while TurboTax and QuickBooks customer retention remains the operating test; an analyst target is not proof of demand.

Newest statement check. The newest verified derived fourth quarter ends 2026-07-31 (filed 2026-09-09); revenue was $4.35B. Against 2025-07-31 revenue of $3.83B, that is +13.7% year over year.

News and attention check. The news search for the latest move failed; the last completed search was on 2026-09-25. No company event for INTU was recorded between September 24 and 28.

The call: 🔴 Stand aside. No entry, stop or target; the long trend is broken · low conviction.

Extended analysis