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Intuit (NASDAQ:INTU) Shares Gap Down - What's Next?
Intuit (NASDAQ:INTU) shares gapped down significantly, opening at $385.00 after closing at $408.68, and are currently trading around $380.98 on heavy volume. Despite a mixed analyst outlook—UBS cut its price target, while the consensus remains a “Moderate Buy” with a $636.10 target—Intuit reported strong quarterly earnings, beating estimates and providing positive guidance for Q3 and FY2026. The company also recently declared a quarterly dividend of $1.20 per share.