Intuit Stock Surges Despite 65% Decline in Trading Volume

On June 23, 2025, Intuit Inc. (INTU) saw a trading volume of $694 million, marking a 65.34% decrease from the previous day. The stock price rose by 0.21%, marking two consecutive days of gains with a total increase of 1.05% over the past two days.

Intuit has recently surpassed its 20-day moving average, indicating a potential short-term bullish trend. This technical milestone suggests that the stock may continue to move higher in the coming weeks, as it has been on an upward trajectory for the past month.

Analysts have been actively revising their ratings and price targets for Intuit. Notable upgrades include HSBC Securities, which changed its rating from Hold to Buy with a price target of $699, and Scotiabank, which moved from Sector Perform to Sector Outperform with a target of $700. JP Morgan also upgraded its rating from Neutral to Overweight, adjusting the price target from $640 to $660. Morgan Stanley, on the other hand, downgraded from Overweight to Equal-Weight, lowering the target from $750 to $685.

Intuit's recent earnings report for the third quarter of 2025 showed strong revenue growth and raised guidance, contributing to the stock's positive momentum. The company's focus on AI and platform initiatives has been highlighted as a key driver for its future outlook.

Additionally, Intuit's Mailchimp division unveiled a new suite of tools at FWD: London, aimed at helping businesses unlock their customer data. This strategic move is expected to enhance the company's competitive position in the market.