Bank of America Securities Maintains Buy on Intuit Inc (INTU)

Intuit Inc. (NASDAQ:INTU) is one of the Best Technology Stocks to Invest in for the Long Term. On September 19, Bradley Sills from Bank of America Securities maintained a Buy rating on Intuit Inc. (NASDAQ:INTU) with a price target of $800.

The analyst noted that the company’s key initiatives in the mid-market and tax-assisted segments are gaining traction. Moreover, the company’s platform also remains strong and is expected to boost margins by 80 basis points by fiscal year 2026.

​The analyst noted that the stock trades at 27 times FY26 free cash flow, which he considers reasonable. Moreover, this free cash flow is projected to grow by 16%, supporting the analyst’s price target of $800. Sills highlighted that a major catalyst is the upcoming launch of Intuit Connect, which will enhance cross-selling, especially for QuickBooks in the mid-market space. Similarly, TurboTax is also expected to keep growing, focusing on higher revenue per customer through services like TurboTax Live and Full Service.

​Intuit Inc. (NASDAQ:INTU) provides a financial technology platform that helps consumers and small to mid-market businesses manage their finances and compliance.

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Disclosure: None. This article is originally published at Insider Monkey.