02:51 PM EDT, 08/22/2025 (MT Newswires) -- Intuit (INTU) posted largely in-line fiscal Q4 results, but Q1 revenue and fiscal 2026 global business solutions revenue guides falling short of expectations are weighing on the stock, UBS Securities said in a Friday research report.

The brokerage said it is positive on Intuit shares on a relative basis because the outlook is prudent and the company has growth drivers outside of a macroeconomic recovery and AI supporting the stock.

UBS stated that fiscal Q4 online revenue growth acceleration to 21% from a year earlier, excluding Mailchimp, was driven by the price hike in tandem with the July product release, product innovation in Money, and mid-market momentum.

UBS said it models a growth of 1% for Desktop and 22% for the online segment, excluding Mailchimp, for fiscal 2026. It does not expect Mailchimp revenue growth to inflect in Q1, but expects nearly 4% growth for the full year.

The company's AI search challenges gained momentum after monday.com's ( MNDY ) print revealed the company recorded an impact. However, Intuit indicated strong traffic growth from enhanced marketing and believes "top brands like its own show up more and have higher conversion rates with AI search queries," according to the note.

UBS reiterated its neutral rating on the stock and cut its price target to $725 per share from $750.

Shares of Intuit fell 5.1% in recent trading.

Price: 661.94, Change: -35.83, Percent Change: -5.13