On August 25, Intuit fell 14.39% in after-hours trading, trading at approximately $309.59/share, with turnover of $68.43 million. The sharp decline followed the company's fiscal Q4 earnings release after the close.

The sell-off confirmed deep market concerns that had been building for weeks. Multiple investment banks had slashed price targets ahead of the report: Morgan Stanley downgraded to Equal Weight with a target cut from $580 to $335, citing AI disruption risks to TurboTax and investor skepticism around revenue acceleration. TD Cowen downgraded to Hold with a $304 target. Citigroup cut its target from $591 to $457, Mizuho from $500 to $430, and Jefferies from $550 to $500. Morgan Stanley had explicitly warned of downside risk to both Q4 results and fiscal 2027 guidance, noting the market would view any TurboTax growth guidance at or above the Street's 6% consensus as aggressive given structural AI risks. The after-hours plunge validated these concerns, as valuation pressure from AI disruption fears in the tax preparation business materialized into broad selling.

(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.)