Intuit fell about 12% on Wednesday.
The trigger: FY27 guidance of 9-10% revenue growth, down from 14% the prior year, with TurboTax unit growth guided at just 2-3%. JPMorgan and Bank of America both cut the stock to Neutral, and the concern spread from TurboTax into QuickBooks - Adobe and ServiceNow each fell about 3% in sympathy.
→ Why it moved: https://marketchacha.com/movers
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