Intuit Inc. (NASDAQ:INTU) is among the The 14 Best Cloud Computing Stocks to Buy Right Now.
On February 9, TD Cowen analyst Jared Levine lowered his price target on the company’s shares to $658 from $802, while maintaining a “Buy” rating, as reported by The Fly.
The moderately positive view is supported by the expectation of an easy pace against a low bar. This is due to the poor performance of the company’s shares. The firm highlighted investor doubts related to the impacts of AI and terminal values, labeling them as factors impacting the rise of the company’s shares.
In a separate statement on February 9, BMO Capital lowered its price target on shares of Intuit Inc. (NASDAQ:INTU) to $624 from $810, while maintaining an “outperform” rating, as reported by The Fly. This comes after BMO’s annual survey of American taxpayers. The survey highlighted generally favorable trends for Intuit Inc.’s (NASDAQ:INTU) TurboTax product line.
The firm noted healthy metrics for TurboTax Full Service, which is an expanded local strategy and constructive upsell and cross-sell opportunities. These are expected to help the company overcome difficult live comparisons of fiscal 2026 results.
Intuit Inc. (NASDAQ:INTU) offers financial management, payments and capital, compliance and marketing products and services. It carries out its operations through 4 segments i.e. Global Business Solutions, Consumer, Credit Karma and ProTax.
While we recognize INTU’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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