Goldman Sachs Assumes Coverage of Intuit (INTU) Stock

Intuit Inc. (NASDAQ:INTU) is one of the Best Fundamental Stocks to Buy According to Analysts. On January 11, Goldman Sachs analyst Gabriela Borges assumed coverage of the company’s stock with a “Neutral” rating and a price objective of $720. According to the firm, the adoption of AI will be a positive tailwind for the software total addressable market. However, the analyst awaits Intuit Inc. (NASDAQ:INTU)’s assisted tax share gains before recommending its shares.

On January 8, Wells Fargo downgraded Intuit Inc. (NASDAQ:INTU)’s stock to “Equal Weight” from “Overweight” with a price objective of $700, down from the prior target of $840. As per the firm, the company’s strong rebound in tax last year will be a tough act to follow. The analyst believes that higher expectations and difficult comparisons exhibit a tough setup for Intuit Inc. (NASDAQ:INTU) in 2026.

Elsewhere, TD Cowen analyst Jared Levine initiated coverage of the company’s stock with a “Buy” rating and price objective of $802. The firm is seeing upside potential to estimates and opines that Intuit Inc. (NASDAQ:INTU)’s perceived AI risks are overdone.

Intuit Inc. (NASDAQ:INTU) offers financial management, payments and capital, compliance, and marketing products and services.

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.

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