Stock Market Update: Nasdaq, Dow, and S&P 500 Futures Climb Before Powell's Address at Jackson Hole—EpicQuest, Zoom, and Azitra Stocks Highlighted
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2025
0mins
Should l Buy INTU?
Source: Benzinga
U.S. Stock Futures Rise: Following declines on Thursday, U.S. stock futures increased, with major indices showing positive movement ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Policy Symposium.
Economic Indicators: Initial jobless claims rose to 235,000, while existing home sales increased by 2% in July. The S&P Global services PMI fell to 55.4, and manufacturing PMI rose to 53.3.
Market Reactions: Most sectors on the S&P 500 closed negatively, with notable losses in consumer discretionary and utilities. Walmart's shares dropped 4.5% after mixed quarterly results, while energy stocks performed better.
Fed's Future Actions: Analysts anticipate Powell's speech may clarify the Fed's stance on inflation and interest rates, with markets pricing a high likelihood of rate cuts in September. Wells Fargo suggests potential adjustments in investment strategies amid rising inflation and slowing growth.
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Analyst Views on INTU
Wall Street analysts forecast INTU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for INTU is 814.59 USD with a low forecast of 700.00 USD and a high forecast of 880.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 434.910
Low
700.00
Averages
814.59
High
880.00
Current: 434.910
Low
700.00
Averages
814.59
High
880.00
About INTU
Intuit Inc. offers a financial technology platform that helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. It also provides specialized tax products to accounting professionals. Its offerings include TurboTax, Credit Karma, QuickBooks, and Mailchimp. Lacerte, ProSeries, and ProConnect Tax Online. Its Global Business Solutions segment serves small and mid-market businesses around the world, and the accounting professionals who assist and advise them. Its Consumer segment serves consumers and includes do-it-yourself and assisted TurboTax income tax preparation products and services sold in the United States and Canada. Its Credit Karma segment serves consumers with a personal finance platform that provides personalized recommendations for credit card, home, auto, and personal loan, and insurance products. Its ProTax segment serves professional accountants in the United States and Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- AI Fatigue Emerges: As investor optimism around artificial intelligence wanes, tech stocks have continued to decline over the past three months, with the Russell 1000 Value index up 8.4% while the tech-heavy Russell 1000 Growth index is down 3.7%, reflecting a shift in market preference towards value stocks.
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- Tech Stock Rout: Over the past week, major tech stocks have suffered significant losses, with AMD down nearly 21%, Intuit down over 17%, and Micron down almost 13%, indicating a sharp decline in market confidence that could lead investors to reassess their portfolios.
- AI Fatigue: As investor optimism around artificial intelligence wanes, tech stocks have seen a three-month decline, with the Russell 1000 Value index up 8.4% while the tech-heavy Russell 1000 Growth index is down 3.7%, reflecting a shift in market preference towards value stocks.
- Microsoft's Earnings Fail to Boost Stock: Despite Microsoft exceeding Wall Street expectations in its earnings report, its stock plummeted 11% in one day due to slowing cloud revenue, marking the largest single-day drop since March 2020 and highlighting concerns about the future performance of tech stocks.
- Uncertain Software Industry Outlook: The IGV Software index has dropped nearly a third from its September high, as fears grow that AI technology may replace many software providers at lower costs, intensifying competition in the industry and prompting investors to navigate future uncertainties with caution.
See More
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- Plugin Expansion: The company also introduced a series of enterprise-focused plugins for Claude Cowork, covering tasks in productivity, legal, sales, and marketing, further penetrating the software market.
- Market Reaction: This news caused significant stock declines for software companies like Salesforce and SAP, with Salesforce down 25% and SAP down 18% since the start of the year, reflecting market fears of AI replacing traditional software services.
- Advertising Campaign: Anthropic plans to run an ad during the Super Bowl that mocks OpenAI's reliance on ad revenue, aiming to boost brand visibility, although OpenAI CEO Sam Altman countered that his company has more users than Anthropic overall.
See More
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- AI-Driven Revenue Growth: Google Cloud's revenue surged 48% year-over-year to $17.7 billion, with CEO Sundar Pichai emphasizing that AI is deeply integrated into customers' critical workflows, showcasing the adaptability and growth potential of software companies in the AI era.
- Emerging Competitor Threats: Investors are concerned that SaaS companies may face competition from emerging AI platforms like Aurasell and Artisan AI, which could undermine the market positions of established firms, increasing uncertainty in the industry.
- Industry Defense Strategies: ServiceNow CEO William McDermott asserted that AI will not replace core enterprise software functions but rather depend on its architecture, indicating that traditional software companies still hold significant strategic positions amid the AI wave.
See More
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- Accelerated Market Penetration: Currently, OpenAI has over 1 million enterprise customers, with expectations to increase the proportion of enterprise clients from 40% to nearly 50% by year-end, indicating strong growth potential in the enterprise market.
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