On October 12, Intuit rose 3.66% in regular trading, trading at $314.46/share, with turnover of $226 million. The move reflects renewed optimism around the SaaS sector's growth outlook, as Wall Street re-prices the narrative that AI will erode software value. Intuit and Autodesk have led gains this week, with Intuit up roughly 8% through October 9, even as the broader Nasdaq 100 slipped about 0.3%.

Management has previously stated that the stock price was materially disconnected from fundamentals, and the founder and senior executives halted pre-set stock sale plans, reinforcing confidence. Fourth-quarter results for fiscal 2026 were strong: revenue of $4.4 billion grew 14% year over year, and adjusted EPS of $4.03 beat expectations. Although fiscal 2027 guidance initially pressured shares, the recent four-year NFL partnership extension through 2030, including the addition of the Credit Karma brand and expansion into Canada, the UK, Australia, and New Zealand, has helped sustain the valuation repair narrative.

Intuit operates a global financial technology platform, providing financial management, compliance, and marketing products and services to consumers, small and mid-market businesses, and accounting professionals.

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