On June 11, Intuit fell 3.11% in regular trading, trading at $275.32/share, with turnover of $381 million, extending its recent downtrend as shares approach Goldman Sachs' bearish price target.

On the news front, Goldman Sachs previously downgraded Intuit from \"Neutral\" to \"Sell,\" slashing its target price from $519 to $276 — a level the stock has now nearly reached. The research note cited intensifying competition in the tax software segment, decelerating growth in the Mailchimp business, and market skepticism toward management's medium-to-long-term guidance. Goldman argued that the current valuation had not fully priced in sector headwinds. The downgrade remains a persistent overhang, compounded by a prior quarter's revenue miss and the announcement of approximately 3,000 job cuts.

Within the Application Software sector, individual stocks showed mixed performance, with Adobe down 5.15%, Salesforce down 3.23%, while IREN rose 4.38%. Although the majority of sell-side analysts maintain Buy ratings on Intuit, Goldman's contrarian view has significantly diverged from consensus and continued to pressure shares.

(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.)