Intuit to slash workforce by 17%
Intuit, the owner of TurboTax, announced a 17% reduction in its full-time workforce, affecting approximately 3,000 employees, as part of a restructuring effort to simplify its organizational structure and boost profitability. The company states the layoffs are not directly due to AI but rather a move towards a leaner, more agile organization that continues to invest in its "Big Bets," including scaling its AI-native platform. This marks Intuit's second significant workforce reduction in recent years, with executives emphasizing continued deployment of AI for future growth despite distancing it from the current layoffs.
INTU Investigation: BFA Announces Intuit Investigation on behalf of Investors after 20% Stock Drop – Contact the Firm if You Lost Money
Bleichmar Fonti & Auld LLP (BFA) has announced an investigation into Intuit Inc. (NASDAQ:INTU) for potential securities fraud following a 20% stock drop on May 20, 2026. The investigation centers on Intuit's representations about TurboTax's price positioning for DIY tax filers during the 2026 tax season. Intuit's stock declined after the company reported unexpected tax season results, admitting it "lost on price" and faced pressure from price-sensitive DIY filers.
Intuit (NASDAQ:INTU) Price Target Cut to $504.00 by Analysts at TD Cowen
TD Cowen analysts have lowered their price target for Intuit (NASDAQ:INTU) to $504.00 from $576.00, while maintaining a "buy" rating, indicating a potential upside of over 62%. This follows several other analysts also cutting their price targets for the software maker. Despite beating recent quarterly earnings and revenue estimates and achieving 10.4% year-over-year revenue growth, the stock has faced pressure due to broader concerns like layoffs, restructuring costs, and a weaker outlook for TurboTax.
Intuit's Strong Q3 Fuels FY26 Raise: Can Growth Engines Keep Firing?
Intuit reported stronger-than-expected Q3 results, with revenues up 10% and non-GAAP EPS growing 10%, leading to a raised fiscal year 2026 outlook. The guidance increase is attributed to robust performance in assisted tax, the money portfolio, and mid-market business solutions. Despite some pressure among price-sensitive TurboTax users, Intuit anticipates continued growth driven by AI-led product innovations, pricing adjustments, Credit Karma strength, and an optimized cost structure.
Buy Or Sell Intuit Stock At $310?
Intuit (INTU) stock is currently priced at $308, a significant drop from its 52-week peak, and trades at a much lower multiple than its historical average, suggesting it's undervalued. This valuation reflects market pessimism due to challenges in the DIY tax market and AI disruption, yet Intuit is strategically shifting towards the more lucrative assisted tax segment and shows resilience in its broader accounting ecosystem. Despite regulatory and competitive risks, the company's strong core business, rising margins, and enterprise shift present an attractive risk-reward proposition for investors.
Wrapmanager Inc. Grows Stock Position in Netflix, Inc. $NFLX
Wrapmanager Inc. significantly increased its stake in Netflix, Inc. by 753.2% in the fourth quarter, now owning 13,532 shares valued at approximately $1.27 million. Other institutional investors also boosted their positions, with 80.93% of Netflix shares owned by hedge funds and institutions. The company has recently seen positive news regarding its ad-supported tier surpassing 250 million viewers and expansion into live programming, though some analysts express concerns about its valuation.
CPI Card Group chairman Riley Sanford buys $190,400 in stock
Riley H. Sanford, Non-Executive Chairman of CPI Card Group Inc., purchased $190,400 worth of company common stock on May 19, 2026, at $16.00 per share. This purchase, which included direct and indirect acquisitions, suggests he sees value as the stock traded near $15.91, aligning with InvestingPro's assessment that the stock is undervalued with analyst price targets between $25 and $30. The insider buying follows strong stock performance, although the company recently reported a mixed Q1 2026, with an EPS miss despite exceeding revenue expectations.
Peregrine Investment Management Inc. Has $6.47 Million Position in Lattice Semiconductor Corporation $LSCC
Peregrine Investment Management Inc. significantly reduced its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 28.5% in the first quarter, yet it remains its 11th largest position with a value of $6.47 million. Despite insider selling activity totaling $2.89 million over the last 90 days, Lattice Semiconductor reported strong Q1 results, surpassing analyst estimates with EPS of $0.41 and revenue of $170.9 million, leading analysts to maintain a "Buy" consensus rating and an average price target of $130.86.
COHERENT CORP (NYSE:COHR) Dominates Minervini Screen with Perfect Technical Score and Accelerating Growth
COHERENT CORP (NYSE:COHR) demonstrates strong performance on the Mark Minervini stock screening strategy, showing a perfect technical score and accelerating growth. The company meets the "Trend Template" criteria with strong moving average alignment and high relative strength, outperforming 98.53% of other stocks. Fundamentally, COHR exhibits impressive and accelerating EPS growth, solid revenue growth, and positive analyst revisions, although the article notes its current "Setup Rating" suggests waiting for tighter price consolidation before an ideal entry.
Crude Oil Moves Higher; Walmart Shares Fall After Q1 Results
U.S. stocks traded lower on Thursday, with Walmart Inc. shares dropping 7% despite topping revenue estimates, as the company reaffirmed full-year guidance below Wall Street expectations. Crude oil prices increased by 2.7%, while gold and silver saw declines. Several companies experienced significant stock movements based on earnings reports, strategic agreements, and corporate announcements.
Baker Hughes chief sells $814k in stock
James E. Apostolides, Chief Infrastructure & Performance Officer at Baker Hughes Co (BKR), sold 12,261 shares of company stock for $814,375 on May 19, 2026, as per a Rule 10b5-1 trading plan. This sale occurred while the stock was trading near its 52-week high, although InvestingPro analysis suggests it is overvalued. Despite the sale, Baker Hughes recently reported strong Q1 2026 earnings, leading several firms to adjust their price targets positively.
Hartford Insurance Group shareholders approve board nominees and auditor at annual meeting
Hartford Insurance Group (NYSE:HIG) shareholders voted to elect all nominated directors to serve until the 2027 annual meeting and approved Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026. They also approved the compensation of named executive officers on an advisory basis. A shareholder proposal for written consent rights was not approved, and the company recently reported first-quarter 2026 earnings that missed analyst expectations, leading Mizuho to slightly lower its earnings estimate but maintain an Outperform rating.
Sturm Ruger CEO Todd Seyfert buys $58,725 of RGR common stock
Sturm Ruger & Co Inc (NYSE:RGR) CEO Todd William Seyfert recently purchased 1,500 shares of the company's common stock for $58,725. This transaction was reported on May 20, 2026, with shares bought at $39.15 each. The insider buying follows Sturm Ruger's mixed first-quarter 2026 financial results, where adjusted EPS missed forecasts but revenue exceeded expectations.
Intuit Inc. Stock 12‑Month Price Target Cut to $524.1, Implies 37% Upside
Intuit Inc.'s average 12-month price target has been lowered by analysts from $586.24 to $524.1, with a range of $315 to $921 per share. Despite the cut, this new target still implies a potential upside of approximately 37% from the May 20 closing price. The consensus rating for Intuit Inc. among 35 analysts remains a "Buy."
Trinet group SVP sells $40,548 in company stock
Anthony Shea Treadway, SVP and Chief Revenue Officer at TRINET GROUP, INC. (NASDAQ:TNET), sold 933 shares of company stock for a total of $40,548 on May 19, 2026. This transaction was conducted under a 10b5-1 trading plan established in 2025. Despite the sale and a recent 49% yearly decline in stock price, InvestingPro analysis indicates TNET may be undervalued, and the company recently reported strong Q1 2026 financial results, exceeding revenue and EPS expectations.
S&P Global shareholders approve directors and key proposals at annual meeting
S&P Global shareholders approved all nominated directors and key proposals at their annual meeting. They also ratified Ernst & Young LLP as the independent registered public accounting firm and approved the executive compensation program. Two shareholder proposals, one regarding reducing the stock ownership threshold for special meetings and another for a charitable support report, did not pass.
Lam Research Rally Puts Nasdaq Futures In Focus
Lam Research has garnered significant attention due to strong rating support and renewed optimism surrounding AI-driven semiconductor equipment demand, directly impacting Nasdaq futures. The company provides essential wafer fabrication equipment for semiconductor manufacturing, and the increasing demand for advanced chips in AI applications is a key driver for its growth. The article highlights the crucial link between AI infrastructure, advanced chipmaking, memory production, and cloud computing growth with the demand for semiconductor equipment.
Asana, Atlassian, and BlackLine Shares Are Falling, What You Need To Know
Shares of Asana, Atlassian, and BlackLine fell following Intuit's significant drop, which reignited concerns that generative AI could disrupt traditional SaaS business models. Intuit's decline was driven by a weaker long-term outlook for TurboTax and workforce reductions under an "AI restructuring" banner, causing analysts to cut price targets. The market reaction suggests a structural rerating of SaaS companies amidst fears that AI could commoditize their core services, despite previous optimism that these companies could integrate rather than be replaced by AI.
SoftBank Dumps Uber Stock, But Uber’s Growth Is Accelerating
SoftBank has completely sold off its stake in Uber Technologies, a move that might concern investors given its historical role with Uber. However, Uber is demonstrating strong operational growth with increased trips, gross bookings, and adjusted EBITDA, despite its stock trading below its 52-week high. Analysts hold a "Strong Buy" consensus rating for Uber, with significant upside potential projected for the stock.
Leidos Slide Raises Fresh S&P 500 Stock Debate
Leidos is currently under market pressure, having recently hit a new yearly low, yet its consistent earnings, dividend support, and strong demand for government technology services are keeping its broader outlook in focus. The article prompts users to log in or register to read further, emphasizing the company's role in providing technology, engineering, cybersecurity, cloud, and mission support services, particularly for defense, intelligence, and government modernization programs. The continued relevance of Leidos in technology markets despite its stock's recent performance is a key debate point.
Intuit's Q3 Earnings Beat on Consumer Growth & Higher Guidance
Intuit (INTU) reported strong Q3 fiscal 2026 earnings, surpassing analyst estimates for both EPS and revenue due to robust growth in its consumer and small-business segments, including QuickBooks Online Accounting and TurboTax. The company also raised its full-year guidance and announced a new $8 billion share repurchase authorization and a 15% dividend increase, alongside a 17% workforce reduction計畫 to optimize operations.
Intuit Inc. Stock 12‑Month Price Target Cut to $529.97, Implies 38% Upside
The average 12-month price target for Intuit Inc. (INTU) stock has been revised down to $529.97 from $586.24 by 29 analysts. This new target suggests a 38% potential upside based on the closing price of May 20. The consensus rating among 35 analysts remains a "Buy," with 30 recommending Buy, 5 Hold, and 0 Sell.
Intuit CFO on why the company is simplifying its structure
Intuit's CFO Sandeep Aujla discusses the company's recent restructuring, which includes a 17% workforce reduction and office closures, despite strong Q3 earnings. The decision aims to make Intuit a "faster, leaner, and more focused company" by simplifying its structure and operating more like entrepreneurial builders. The company is re-evaluating its approach to price-sensitive DIY tax filers and is leaning into stock buybacks, believing its shares are undervalued.
Intuit Is Slashing More Than 3,000 Jobs. Why Wall Street Is Punishing INTU Stock for the AI Pivot.
Financial software giant Intuit (INTU) is cutting over 3,000 jobs as part of an AI pivot, a move that surprisingly led to a 4% stock drop despite expected cost savings. The company, known for products like TurboTax and QuickBooks, aims to integrate AI more deeply into its offerings to improve efficiency and maintain its competitive edge against free alternatives. Analysts maintain a "Strong Buy" rating with significant upside potential, highlighting Intuit's entrenched market position and successful Q3 performance.
Intuit Inc. Stock 12‑Month Price Target Cut to $532.28, Implies 39% Upside
Intuit Inc.'s 12-month average price target has been lowered from $586.24 to $532.28 by 29 analysts, implying a 39% potential upside from its May 20 closing price. Despite the target cut, the consensus rating for Intuit remains a "Buy" among 35 covering analysts. The forecasts for the stock range from $315 to $916 per share.
These Analysts Cut Their Forecasts On Intuit After Q3 Results
Following Intuit's Q3 fiscal 2026 results, several analysts revised their price targets downward despite the company reporting upbeat revenue and adjusted earnings. Intuit announced strong Q3 financial results and provided positive Q4 guidance, but also revealed plans for a 17% workforce reduction. The company's shares subsequently fell by over 20%.
Deutsche Bank Aktiengesellschaft Cuts Intuit (NASDAQ:INTU) Price Target to $530.00
Deutsche Bank Aktiengesellschaft has lowered its price target for Intuit (NASDAQ:INTU) to $530.00 from $600.00, though it maintained a "buy" rating, indicating a potential upside of over 72% from the stock's previous close. This adjustment follows a period where Intuit's shares fell significantly by 19.8% to $307.94, nearing their 52-week low, despite the company reporting a strong beat-and-raise quarter and raising its full-year guidance. Other analysts have also adjusted their price targets, mostly downwards, reflecting a mixed sentiment despite the company's solid financial performance and strategic moves like a share repurchase authorization and dividend increase.
Intuit, TurboTax’s Parent Company, Lays Off 17 Percent of Workforce to Fund AI Expansion
Intuit, the parent company of TurboTax and other software, is laying off about 17 percent of its global workforce, approximately 3,000 employees, to streamline operations and invest further in artificial intelligence. The restructuring, expected to cost $300 million to $340 million, aims to remove coordination-related roles and lower-level management to focus on customer-facing functions and AI integration. The company has already secured multi-year deals with AI startups like Anthropic and OpenAI to power its various products.
Intuit Inc. Stock 12‑Month Price Target Cut to $532.28, Implies 39% Upside
The average 12-month price target for Intuit Inc. (INTU) stock has been lowered from $586.24 to $532.28 by 29 analysts. This updated target implies approximately 39% potential upside based on the May 20 closing price. Despite the target cut, the consensus rating from 35 covering analysts remains "Buy."
The “Don’t Fight Trump” Trade Is Working: S&P 500 Ignores Everything and Keeps Surging
The S&P 500 has surged 30% since Election Day 2024, largely driven by dominant AI, defense, and manufacturing sectors, despite elevated inflation and geopolitical tensions. This trend, dubbed the "Don't Fight Trump" trade, reflects the market's belief that political events do not significantly impact corporate earnings, especially with a massive AI spending cycle boosting key companies. However, concerns exist regarding extreme index concentration, high forward earnings multiples, and extended positioning among hedge funds, leading to a potential sharp drawdown if interest rate cuts stall or AI capital expenditure pauses.
Earnings live updates: Intuit stock tumbles after announcing job cuts, e.l.f. Beauty says it will lower prices
This article provides live updates on earnings reports from several major companies. Key updates include Intuit's stock tumble after announcing 3,000 job cuts and a shift to AI, despite raising annual guidance. E.l.f. Beauty's stock rose as it explored price cuts following a weak annual sales forecast, while Walmart's Q1 earnings met expectations with strong e-commerce growth. Nvidia also topped estimates with an upbeat outlook driven by strong chip sales.
Intuit, Osisko Development, Borr Drilling And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Several prominent stocks are experiencing declines in Thursday's pre-market trading. Intuit Inc. fell sharply despite upbeat Q3 results, due to a planned workforce reduction and its Q4 guidance. Other companies like Osisko Development Corp, Borr Drilling Ltd, and Rocket Lab Corp also saw their shares drop following various financial updates or offerings.
Assessing KeyCorp (KEY) Valuation After Recent Choppy Trading And Shifting Regional Bank Sentiment
KeyCorp (KEY) is being re-evaluated by investors due to recent trading activity and changing perceptions of regional banks. The stock is currently trading at a discount, estimated at 16.64% to its average analyst target and 41.83% intrinsically, with a fair value narrative pointing to $24.92. This optimistic outlook is driven by anticipated improvements in net interest income due to fixed asset repricing and the structure of swap and treasury maturities, although risks like softer loan demand and nonperforming loans remain.
Intuit shares drop despite Q3 beat on TurboTax weakness, workforce reduction
Intuit's shares dropped by approximately 19% despite exceeding fiscal third-quarter revenue and earnings expectations. This decline was primarily driven by investor concerns over a weaker long-term outlook for its TurboTax product and the company's plan to cut about 17% of its global workforce. Although Intuit raised its full-year guidance, the news of job cuts and anticipated slower growth for parts of TurboTax overshadowed the strong Q3 performance.
Hasbro Q1 2026 Earnings: Wizards Revenue Surges 26% and Carries the Whole Company
Hasbro's Q1 2026 earnings report shows a significant 13% year-over-year revenue increase to $1.0B, primarily driven by a 26% surge in Wizards of the Coast's segment revenue, reaching $582M. Despite strong performance from Wizards, particularly with record-breaking Magic: The Gathering sets, the Consumer Products segment remained flat and faced challenges from a cybersecurity incident. The company maintained its full-year guidance and initiated share repurchases, with a TIKR model price target suggesting a 40% upside, but future performance hinges on Wizards' sustained momentum and effective management of Consumer Products' headwinds.
PNC Financial Services Group Inc. Sells 3,265 Shares of Intuit Inc. $INTU
PNC Financial Services Group Inc. reduced its stake in Intuit Inc. by 2.0% in Q4, selling 3,265 shares, though many other institutional investors increased their holdings. Intuit recently reported stronger-than-expected Q3 earnings and revenue, raised its full-year guidance, authorized an $8 billion share repurchase plan, and increased its dividend. However, the company also announced a 17% workforce reduction and faced concerns about a lower TurboTax revenue outlook and the impact of AI on its core tax business.
Madrigal to present Rezdiffra data at EASL Congress 2026
Madrigal Pharmaceuticals (NASDAQ:MDGL) announced it will present new data from its Rezdiffra development and real-world evidence programs at the European Association for the Study of the Liver Congress 2026. The presentations will cover lipid profile improvements, MASH cirrhosis risk scores, and the effectiveness of noninvasive biomarkers. This follows strong financial performance and positive analyst revisions for MDGL.
Nvidia shares hug flatline premarket; Intuit slumps, Destiny Tech100 rises
U.S. stock futures experienced a mixed premarket on Thursday, influenced by reports of hardening Iranian stance on peace talks and fresh earnings from key companies. Nvidia shares hovered around the flatline after reporting strong revenue and profit, while Intuit slumped over 14% after lowering its annual revenue forecast and announcing staff cuts. Destiny Tech100 jumped significantly following news of SpaceX's planned IPO, benefiting from its position as a proxy for retail investors seeking access to private tech firms.
Intuit Inc. Stock 12‑Month Price Target Cut to $556.41, Implies 45% Upside
Intuit Inc.'s average 12-month price target has been lowered from $586.24 to $556.41 by 29 analysts, with individual forecasts ranging from $350 to $916. This updated target implies a 45% potential upside from the May 20 closing price. Despite the reduction, the consensus rating from 35 analysts remains a "Buy," with 30 recommending Buy and 5 advising Hold.
Between International Seaways and TC Energy, Which Stock Looks Set to Break Out?
This article compares International Seaways (INSW) and TC Energy (TRP) stocks, concluding that INSW offers superior growth, profitability, and valuation. Financial data shows INSW outperforming TRP in revenue growth and operating margins. The article advises that while individual stocks can be volatile, a diversified portfolio approach can mitigate risks and recommends the Trefis High Quality Portfolio.
Goodyear Tire & Rubber Stock Plummets -24% With 10-Day Losing Streak
Goodyear Tire & Rubber (GT) stock has experienced a significant downturn, plummeting 24% over a 10-day losing streak, wiping out $495 million from its market cap. Despite its "Very Low valuation," Trefis deems the stock "Unattractive" due to "Very Weak" operating performance and financial condition. The article emphasizes the need for predictive signals for individual stock risk rather than backward-looking notifications.
BMR Stock Price, Quote & Chart | BEAMR IMAGING LTD (NASDAQ:BMR)
This article provides an in-depth financial overview of Beamr Imaging Ltd (NASDAQ:BMR), including its current stock price, performance metrics, and key statistics. It covers technical and fundamental analysis ratings from ChartMill, earnings forecasts, financial highlights, and ownership details. The company specializes in video and photo compression optimization technology.
Blackbaud stock hits 52-week low at 30.35 USD
Blackbaud Inc.'s stock has fallen to a 52-week low of $30.35, representing a nearly 50% year-over-year decline and trading approximately 60% below its 52-week high. Despite this, InvestingPro analysis suggests the stock is undervalued, with analysts predicting profitability this year and a strong free cash flow yield. The company recently reported Q1 2026 earnings, exceeding revenue estimates but slightly missing EPS, and has announced new partnerships and AI-powered tools to enhance its offerings.
Intuit Reports Strong Third-Quarter Results and Raises Full-Year Revenue Guidance
Intuit (NASDAQ: INTU) reported strong third-quarter fiscal 2026 results, with total revenue growing 10% to $8.6 billion and non-GAAP diluted earnings per share increasing 10% to $12.80. The company raised its full-year fiscal 2026 revenue guidance to approximately $21.341 billion to $21.374 billion and announced a 17% reduction in its full-time workforce to streamline operations. Intuit also approved a new $8 billion share repurchase authorization and increased its quarterly dividend by 15%.
Intuit cuts 17% of its staff to focus on AI, but refuses to blame AI
Intuit Inc. has announced a layoff of 17% of its workforce, approximately 3,000 employees, to reallocate resources towards artificial intelligence innovations and simplify its corporate structure. CEO Sasan Goodarzi denied that AI directly caused the job cuts, stating the move aims to reduce complexity, eliminate management layers, and improve decision-making. The company expects these changes to lead to margin expansion and EPS growth.
Watch Walmart Reports Solid Sales Growth; Deere Gets Construction Boost | Stock Movers
This "Stock Movers" episode discusses recent financial news affecting major companies. Walmart (WMT) reported solid sales growth due to its focus on low prices and fast delivery, while Intuit (INTU) shares dropped after its Q3 results and news of staff cuts. Deere & Co (DE) saw a boost from its construction and forestry sectors, which helped offset agricultural market volatility.
Opus Genetics (IRD) investor files exit 13D after stake falls under 5%
Foundation Fighting Blindness Retinal Degeneration Fund and Foundation Fighting Blindness, Inc. have filed an Amendment No. 3 to their Schedule 13D for Opus Genetics (IRD), signifying an exit filing. Their beneficial ownership in Opus Genetics common stock has dropped to 4.66% (3,792,171 shares) after selling shares on May 18, 2026, falling below the 5% reporting threshold. This amendment concludes their Schedule 13D reporting obligations for Opus Genetics.
ServisFirst (SFBS) director receives 788-share restricted stock grant, now holds 4,293
ServisFirst Bancshares director Christopher J. Mettler has received a grant of 788 restricted shares of common stock, which will vest 100% one year from the award date. This transaction increases his direct holdings to 4,293 shares. The grant is described as a routine equity award, not an open-market purchase or sale.
Acrivon Therapeutics (ACRV) director granted 9,366 restricted stock units
Acrivon Therapeutics director Charles M. Baum was granted 9,366 restricted stock units (RSUs) as equity compensation, as reported in a Form 4 filing. These RSUs, which have a per-share price of $0.0000, will vest in full on May 18, 2027, provided Baum maintains continuous service with the company. This grant increases his direct holdings to 9,366 shares, representing a contingent right to receive common stock upon vesting.
Brain-machine tech player VisionSys AI plans 1-for-10 ADS reverse split
VisionSys AI (NASDAQ: VSA) will implement a 1-for-10 reverse ADS split effective May 26, 2026, changing its ADS ratio from 1 ADS representing 250 Class A shares to 1 ADS representing 2,500 Class A shares. This action is expected to proportionally increase the ADS trading price, although fractional shares will be sold for cash proceeds after fees. The company's Class A ordinary shares will remain unchanged, and its ADSs will continue trading on Nasdaq under the symbol "VSA" with a new CUSIP.
