Intuit reaffirmed its fiscal 2027 outlook, projecting 9%–10% revenue growth, down from 14% in fiscal 2026. After the Investor Day, UBS retained its Neutral rating and $360 price target, saying the event did not materially change sentiment.
Intuit expects fiscal 2027 revenue of $23.28 billion to $23.51 billion and GAAP diluted earnings per share of $20.12 to $20.36, up 22%–24% year over year. Its “Big Bets” initiatives account for about 30% of revenue and grew 34% in fiscal 2026. The number of hedge funds holding Intuit rose from 92 in Q1 to 98 in Q2, while short interest fell from 12.14 million shares on July 31 to about 7.9 million on Aug. 31, or 2.98% of public float, according to Insider Monkey’s database.
Intuit is combining AI agents with proprietary financial data and domain-specific models to automate tasks, while seeking growth among mid-market businesses and accounting firms. Generative and agentic AI could also move tax, bookkeeping and accounting work outside traditional software; if rivals offer comparable functions at lower prices, customer growth, pricing and retention could come under pressure. Insider Monkey concludes the initiatives appear capable of offsetting some, but not all, of the slowdown.
