Wells Fargo Downgrades Intuit (INTU) as “Impossible” 2025 Comparisons Cloud 2026 Growth Outlook

Core Viewpoint - Intuit Inc. is considered a strong long-term investment, but recent downgrades and challenging comparisons for future growth have raised concerns about its near-term performance [1][3]. Group 1: Analyst Ratings and Price Targets - Wells Fargo downgraded Intuit to Equal Weight from Overweight with a reduced price target of $700, down from $840, citing tough comparisons for growth heading into 2026 [1]. - TD Cowen initiated coverage with a Buy rating and a price target of $802, expecting Intuit to exceed consensus expectations and arguing that AI-related risks are overstated [2]. - Truist also initiated coverage with a Buy rating and a price target of $739, emphasizing Intuit's strong market position and diverse fintech offerings [3]. Group 2: Company Overview and Market Position - Intuit provides a range of financial management, payments, compliance, and marketing products and services in the US, including well-known brands like TurboTax, Credit Karma, QuickBooks, and Mailchimp [3]. - Despite the potential of Intuit as an investment, some analysts believe that other AI stocks may offer greater upside potential with less downside risk [4].