Financial News

Before the US market kicks off on Thursday, let's examine the pre-market session and unveil the notable performers among the S&P500 top gainers and losers.

Intuit (INTU) stock currently trades at $332 in extended trading, representing a roughly 60% decline from its 52-week high of $813. Based on management's raised FY26 non-GAAP EPS guidance of $23.80 to $23.85, the stock now trades at approximately 14 times forward earnings. This multiple is a severe compression compared to its four-year historical average of over 30x. The market valuation currently reflects severe pessimism, pricing in worst-case scenarios and fixating heavily on DIY tax weakness

Truist Securities analyst Arvind Ramnani maintains Intuit (NASDAQ:INTU) with a Buy and lowers the price target from $500 to $410.

Wondering what's happening in Thursday's pre-market session? Find an overview in this article.

Wells Fargo analyst Michael Turrin maintains Intuit (NASDAQ:INTU) with a Equal-Weight and lowers the price target from $425 to $360.

News of the day for May 21, 2026

US stocks traded lower, with the Nasdaq falling 0.3%. Walmart stock dropped 7%. Oil rose 2.7% while gold and silver fell. European markets were mixed.

These are the stocks posting the largest moves in midday trading.

BMO Capital analyst Daniel Jester maintains Intuit (NASDAQ:INTU) with a Outperform and lowers the price target from $550 to $412.

Intuit Inc. (INTU) reported upbeat Q3 results, beating revenue and earnings estimates. CEO Sasan Goodarzi cites data and AI capabilities for growth.

RBC Capital analyst Rishi Jaluria maintains Intuit (NASDAQ:INTU) with a Outperform and lowers the price target from $600 to $500.

US equity markets were trending lower before the opening bell Thursday as traders monitor the latest

Wall Street futures pointed moderately lower pre-bell Thursday as traders again weighed the odds of

Barclays analyst Raimo Lenschow maintains Intuit (NASDAQ:INTU) with a Overweight and lowers the price target from $540 to $443.

Stifel analyst Brad Reback maintains Intuit (NASDAQ:INTU) with a Buy and lowers the price target from $500 to $375.

Companies In The Article Are:INTU,AMC,LOW,TJX

Intuit (INTU) lifted its full-year outlook and reported fiscal third-quarter results above Wall Stre

Nvidia ticks up after better-than-expected earnings, while Intuit slumps following a layoffs announcement.

June S&P 500 E-Mini futures (ESM26) are down -0.40%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.55% this morning as oil prices and bond yields climbed, with investors watching to see whether hopes for a peace deal in the Middle East will turn into tangible progress.

Oppenheimer analyst Scott Schneeberger maintains Intuit (NASDAQ:INTU) with a Outperform and lowers the price target from $558 to $406.

Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending the stock down more than 13% in premarket trading on Thursday.

Intuit (NasdaqGS:INTU) is cutting about 3,000 roles, or 17% of its global workforce, as part of a broad restructuring focused on artificial intelligence. The company is closing certain offices and reshaping its operating model while highlighting new AI driven features such as QuickBooks Workforce and Enterprise Suite updates. The restructuring was announced alongside strong Q3 results and a raised full year outlook. For you as an investor, this move sits at the intersection of software,...

CNBC’s Jim Cramer delivers his daily Mad Dash.

Nvidia beats Q1, boosts dividend and adds $80B buyback as AI-driven layoffs rise.

(Editor’s note: The future prices of benchmark tracking ETFs, the economic data, the lede and the headline were updated in the story.)

Intuit Inc. (NASDAQ:INTU) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Intuit Inc. (NASDAQ:INTU) confirmed it has enhanced its Intuit Enterprise Suite with the inclusion of multi-entity close automation, dimensional reporting capabilities, and construction industry features. The suite will also come with an integrated Human Capital Management solution. […]

Here are five key things investors need to know to start the trading day.

U.S. stock futures mixed, Dow futures up 0.1%. Intuit stocks down 12.7% after positive Q3 results and workforce reduction plans. Other stocks also declining in pre-market trading.

Keybanc analyst Alex Markgraff maintains Intuit (NASDAQ:INTU) with a Overweight and lowers the price target from $520 to $450.