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International Business Times
International Business Times
Business

Intuit Shares Surge 6% on Rebound from AI Fears, Strong Fundamentals and Analyst Upgrades

Intuit Inc. (NASDAQ: INTU) shares rallied sharply Thursday, March 5, 2026, closing at $466.79, up $26.65 or 6.05% from the prior session. The financial technology leader opened at $439.17, hit an intraday high of $471.38 and traded as low as $438.93, with volume reaching approximately 7.37 million shares — elevated amid broader market pressures from geopolitical tensions and oil price surges.

The move reversed recent weakness, with Intuit up more than 17% over the past week following its strong second-quarter fiscal 2026 earnings report on February 26. The company beat expectations on both top and bottom lines: revenue rose 17.4% year-over-year to $4.65 billion (versus $4.53 billion consensus), while non-GAAP earnings per share hit $4.15 (beating $3.68 estimates by 12.8%). GAAP operating income climbed 44% to $855 million, reflecting solid execution across TurboTax, QuickBooks, Credit Karma and Mailchimp.

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