Intuit stock price forecast: Buyback program and Q2 earnings drive INTU higher

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Intuit gains 3.35% to $467.52 today

Highlights

Intuit canceled all executive pre-scheduled stock sale plans due to a perceived undervaluation and announced a $3.5 billion accelerated buyback through fiscal 2026.
Q2 2026 revenue reached $4.7 billion, beating operating margin and EPS expectations, with a declared quarterly dividend of $1.20 per share.
Technical momentum is mixed, with strong short-term buyers but dominant medium- and long-term bearish signals, confining price action to a likely $445–$490 range short term.

Buybacks accelerate as leadership ends 10b5-1 sales on valuation gap

Intuit has terminated all outstanding pre-scheduled stock sale plans under Rule 10b5-1 by its founder and executive leadership team, citing a significant disconnect between current price and fundamental value. The company announced an accelerated share repurchase program authorizing up to $3.5 billion in buybacks through fiscal year 2026, expected to double the repurchase pace from the previous year. Intuit reported Q2 2026 revenue of $4.7 billion, surpassing operating margin and earnings per share expectations, and declared a quarterly dividend of $1.20 per share for April 17, 2026.

Mixed momentum signals as oscillators diverge from weak trend readings

INTU recently traded at $467.52, above the SMA-20 ($418.46), but below both the SMA-50 ($485.04) and well under the SMA-200 ($647.50). This structure favors shorter-term upward momentum but highlights medium- and long-term resistance, while the Ichimoku Kijun level at $416.10 now acts as immediate support. Momentum signals are mixed: the D1 MACD remains in "Strong Sell" territory and the D1 ADX signals continued seller pressure, yet RSI, Stoch RSI, and CCI are all in "Buy" zones, with Stoch RSI and BBP showing overbought conditions and positive BBP indicating strong buyer dominance intraday. The AO is neutral, not confirming the uptrend, and there is a notable gap up from yesterday’s close ($452.35) to today’s open ($460.25); price is now in the upper third of today’s range ($458.71 to $474.36), marking high intraday volatility and enduring strength toward session highs. The divergence between rising oscillators and weak trend-following signals (MACD, ADX) suggests near-term upside is energetic but potentially overextended versus momentum conditions.

Downside risk grows as weekly signals outweigh daily oscillator strength

The expected range for the next 5 trading days is approximately $445 to $490, centered around the current price and reflecting recent realized moves. In the short term, the probability of additional gains is very low (less than 20%), with a decline more likely due to persistent "Sell" signals across W1 trend and momentum indicators and only D1 oscillators showing strength. The baseline scenario sees consolidation within this $445 – $490 volatility band relative to current levels. A bullish scenario would require a close above $490 to confirm further upside, while a break below $445 opens room for a deeper pullback toward lower weekly supports.

Anton Kharitonov, expert at Traders Union, sees INTU in a technically challenging spot despite short-term relief. He notes mixed momentum signals, with persistent medium- and long-term resistance and no confirmation from major trend-following indicators. The buyback announcement and leadership stock sale plan termination send a strong signal, but the chart says upside looks limited unless $490 is reclaimed. "Base case remains rangebound and defensive — until we see a close above $490, strength is likely to fade rather than accelerate."

Earlier, analysts noted that Intuit was exhibiting short-term bullish momentum but faced persistent medium- and long-term resistance, warranting a cautious near-term outlook. Current market signals reinforce this view, with mixed momentum and trend indicators suggesting that traders should watch for a decisive move outside the $445–$490 range to confirm the next directional shift.

Source of Data: INTU Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.