Intuit Inc.

🇺🇸NASDAQ Global Select
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Intuit Inc. stock analysis INTU overview
Slightly Bullish +20

Wall Street Sees 50%+ Upside In Intuit (INTU); Check Out Why

📉 Intuit Inc. has declined nearly 55% year-to-date and close to 60% over the past year amid AI disruption fears.

💰 The stock trades at a forward P/E of 10.91x, making it one of the top 10 lowest forward P/E stocks in the S&P 500.

📉 Goldman Sachs downgraded Intuit to 'Sell' on June 2, 2026, cutting the price target to $276 from $519 due to potential growth revisions.

🤖 Goldman analyst Gabriela Borges expects downward estimate revisions as the market adjusts to a lower sales growth algorithm of 5% to 10%.

⚠️ Heightened competition in the tax sector is cited as a key concern by bearish analysts regarding Intuit's future performance.

📈 Mizuho maintained an 'Outperform' rating with a price target of $500, citing durable long-term growth from TurboTax Live.

💼 Argus kept a 'Buy' rating at $480, noting management's pushback on AI replacement concerns regarding QuickBooks and other core products.

📊 Despite bearish sentiment, 26 of 30 Wall Street analysts maintain bullish ratings with a median price target of $446.50.

🚀 The stock currently offers approximately 50% upside potential according to the prevailing analyst consensus.

🏢 Intuit operates through four main segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.

Bullish Signals
  • Intuit trades at a forward P/E of 10.91x, making it one of the top 10 lowest forward P/E stocks in the S&P 500.
  • 26 out of 30 Wall Street analysts covering Intuit maintain bullish ratings as of June 8, 2026.
  • The median price target among bullish analysts is $446.50, implying roughly 50% upside from the current trading price of around $300.
  • Mizuho analyst Siti Panigrahi sees a durable long-term growth case intact for TurboTax Live and the assisted tax category.
  • Argus notes that management continues to push back on AI replacement concerns, highlighting customer integration, ease of use, scalability, and security across QuickBooks.
  • Intuit beat sales and EPS expectations despite lowering its TurboTax revenue forecast, according to Argus.
Risk Factors
  • Goldman Sachs downgraded Intuit to 'Sell' and cut the price target to $276 from $519 on June 2, 2026.
  • Goldman analyst Gabriela Borges warns that consensus estimates are likely too high for the next three years.
  • Intuit may need to revise its long-term growth targets lower, with Goldman expecting downward estimate revisions to weigh on the stock over the next several quarters.
  • Goldman cites a revised growth algorithm of 5% to 10% in sales growth as a key factor driving the downgrade.
  • Heightened competition in the tax sector is explicitly cited as a key concern by bearish analysts.
  • Mizuho cut the firm's price target on Intuit to $500 from $600 due to a fiscal third-quarter TurboTax shortfall.
  • Argus lowered its target to $480 from $580 after Intuit lowered its TurboTax revenue forecast despite beating on sales and EPS.
Full Analysis
Intuit Inc. (NASDAQ:INTU) has experienced a significant decline, dropping nearly 55% year-to-date and close to 60% over the past year due to fears of AI disruption. Despite this steep sell-off, Wall Street analysts remain divided on the stock's future trajectory, with shares trading around $300 at the time of writing. The company currently trades at a forward P/E of 10.91x, positioning it as one of the top 10 lowest forward P/E stocks in the S&P 500. Analyst opinions on Intuit are sharply split. On June 2, 2026, Goldman Sachs downgraded the stock to 'Sell' and cut its price target to $276 from $519, citing overly high consensus estimates and heightened competition in the tax sector. Conversely, Mizuho maintained an 'Outperform' rating with a price target of $500, while Argus kept a 'Buy' rating at $480, both noting that management continues to push back against AI replacement concerns. Despite the bearish notes, 26 out of 30 Wall Street analysts covering Intuit maintain bullish ratings, with a median price target of $446.50 as of June 8, 2026, suggesting roughly 50% upside potential. The company operates through four segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax. While some analysts worry about revised growth targets, others see durable long-term growth in products like TurboTax Live. The article concludes with a promotional pitch for other AI stocks that allegedly benefit from tariffs and onshoring trends, suggesting Intuit may not offer the same upside or lower risk profile compared to those alternatives. This final section serves as a newsletter subscription hook rather than substantive analysis of Intuit's specific business fundamentals.