Movement Alert｜Intuit Falls 3.11% in Regular Trading, Goldman Sachs Downgrade Continues to Weigh Amid Broad Sector Weakness

Market Focus06-18

On June 18, Intuit fell 3.11% in regular trading, trading at $272.42/share, with turnover of $794 million. The stock continues its downtrend following Goldman Sachs's earlier downgrade from Neutral to Sell with a target price slashed from $519 to $276.

Goldman Sachs cited intensifying competition in the tax software space, decelerating growth in the Mailchimp business, and market skepticism over the company's medium-to-long-term guidance. The stock has now fallen below Goldman's $276 target, reflecting sustained selling pressure. Additional headwinds include a prior earnings report showing revenue slightly below expectations and the announcement of approximately 3,000 layoffs.

The broader Application Software sector is under significant pressure, with Adobe down 4.12%, AppLovin down 5.18%, Salesforce down 3.69%, and Palantir Technologies down 0.48%, while IREN Ltd rose 2.11%. The sector-wide weakness has compounded the company-specific overhang from the Goldman downgrade.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1116694397?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-18 03:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1116694397","market":"us","top_or_hot":-1,"title":"Movement Alert｜Intuit Falls 3.11% in Regular Trading, Goldman Sachs Downgrade Continues to Weigh Amid Broad Sector Weakness","media":"Market Focus","content":"<p><p>On June 18, Intuit fell 3.11% in regular trading, trading at $272.42/share, with turnover of $794 million. The stock continues its downtrend following Goldman Sachs's earlier downgrade from Neutral to Sell with a target price slashed from $519 to $276.</p><p>Goldman Sachs cited intensifying competition in the tax software space, decelerating growth in the Mailchimp business, and market skepticism over the company's medium-to-long-term guidance. The stock has now fallen below Goldman's $276 target, reflecting sustained selling pressure. Additional headwinds include a prior earnings report showing revenue slightly below expectations and the announcement of approximately 3,000 layoffs.</p><p>The broader Application Software sector is under significant pressure, with Adobe down 4.12%, AppLovin down 5.18%, Salesforce down 3.69%, and Palantir Technologies down 0.48%, while IREN Ltd rose 2.11%. The sector-wide weakness has compounded the company-specific overhang from the Goldman downgrade.</p><p>(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.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Intuit Falls 3.11% in Regular Trading, Goldman Sachs Downgrade Continues to Weigh Amid Broad Sector Weakness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Intuit Falls 3.11% in Regular Trading, Goldman Sachs Downgrade Continues to Weigh Amid Broad Sector Weakness\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-06-18 03:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On June 18, Intuit fell 3.11% in regular trading, trading at $272.42/share, with turnover of $794 million. The stock continues its downtrend following Goldman Sachs's earlier downgrade from Neutral to Sell with a target price slashed from $519 to $276.</p><p>Goldman Sachs cited intensifying competition in the tax software space, decelerating growth in the Mailchimp business, and market skepticism over the company's medium-to-long-term guidance. The stock has now fallen below Goldman's $276 target, reflecting sustained selling pressure. Additional headwinds include a prior earnings report showing revenue slightly below expectations and the announcement of approximately 3,000 layoffs.</p><p>The broader Application Software sector is under significant pressure, with Adobe down 4.12%, AppLovin down 5.18%, Salesforce down 3.69%, and Palantir Technologies down 0.48%, while IREN Ltd rose 2.11%. The sector-wide weakness has compounded the company-specific overhang from the Goldman downgrade.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INTU","symbol_name":"财捷","start_time":0,"source_url":"","article_id":"1116694397","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1116694397","pubTimestamp":1781723654,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 18, Intuit fell 3.11% in regular trading, trading at $272.42/share, with turnover of $794 million. The stock continues its downtrend following Goldman Sachs's earlier downgrade from Neutral...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"INTU":"财捷"},"translate_title":"动向提示|Intuit常规交易下跌3.11%高盛下调评级继续承压板块广泛疲软","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INTU":1},"content_text":"On June 18, Intuit fell 3.11% in regular trading, trading at $272.42/share, with turnover of $794 million. The stock continues its downtrend following Goldman Sachs's earlier downgrade from Neutral to Sell with a target price slashed from $519 to $276.Goldman Sachs cited intensifying competition in the tax software space, decelerating growth in the Mailchimp business, and market skepticism over the company's medium-to-long-term guidance. The stock has now fallen below Goldman's $276 target, reflecting sustained selling pressure. Additional headwinds include a prior earnings report showing revenue slightly below expectations and the announcement of approximately 3,000 layoffs.The broader Application Software sector is under significant pressure, with Adobe down 4.12%, AppLovin down 5.18%, Salesforce down 3.69%, and Palantir Technologies down 0.48%, while IREN Ltd rose 2.11%. The sector-wide weakness has compounded the company-specific overhang from the Goldman downgrade.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1116694397","isCrawlerRequest":true}