On August 13, Intuit rose 3.1% in regular trading, trading at $344.99/share, with turnover of approximately $140 million.

On the news front, Citigroup adjusted its price target on Intuit from $591 to $457 while maintaining a Buy rating. Despite the reduction, the new target implies approximately 32% upside from current levels, signaling continued confidence in the company's medium-to-long-term prospects. The average analyst target price stands at $437.66, also well above the current trading price, suggesting the maintained Buy rating may help alleviate some bearish market sentiment.

For context, Intuit has faced a series of target price cuts and rating downgrades in recent weeks. Morgan Stanley downgraded the stock to Equal Weight with a $335 target in late July, citing near-term pressure and AI disruption concerns around TurboTax. TD Cowen also cut its target significantly to $304 with a Hold rating. Against this backdrop of cautious analyst sentiment, Citigroup's reaffirmation of a Buy rating stands out as a relatively constructive signal ahead of the company's fiscal Q4 earnings expected on August 25.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)