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Intuit Inc. (NASDAQ:INTU) is one of the Best SaaS Stocks to Buy Right Now. Intuit Inc. (NASDAQ:INTU) is up more than 5.25% since the release of its fiscal Q1 2026 results on November 20. Wall Street has maintained a positive outlook on the stock ever since.
On November 24, Siti Panigrahi from Mizuho Securities reiterated a Buy rating on the stock with a $875 price target. Earlier, on November 21, Keith Weiss from Morgan Stanley also reiterated a Buy rating on the stock with a $880 price target.
During the fiscal Q1 2026, Intuit Inc. (NASDAQ:INTU) topped Wall Street estimates and reiterated full-year guidance. The company grew its revenue by $18.34% year-over-year to $3.89 billion, exceeding expectations by $128 million. The EPS of $3.34 also topped estimates by $0.25. Management attributed the growth to be driven by a 25% increase in QuickBooks Online Accounting revenue. QuickBooks benefited from higher effective prices, customer growth, and mix-shift. Overall, the Global Business Solutions revenue reached $3 billion, reflecting 18% year-over-year increase.
Analyst Keith Weiss of Morgan Stanley noted that he believes Intuit Inc. (NASDAQ:INTU) is well-positioned for growth despite conservative revenue guidance, which indicates some deceleration. Management expects full year 2026 revenue to grow by 12% to 13%, below the 16% year-over-year growth the company posted in fiscal 2025. The analyst added that while the investors might need to demonstrate patience, he expects the company to revise estimates in the second half of fiscal 2026.
Intuit Inc. (NASDAQ:INTU), a global financial technology platform, offers AI-powered tax, credit, accounting, and marketing solutions.
While we acknowledge the potential of INTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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