Wells Fargo Downgrades Intuit (INTU) as "Impossible" 2025 Comparisons Cloud 2026 Growth Outlook

Intuit Inc. (NASDAQ:INTU) is one of the best future stocks to buy for the long term. On January 8, Wells Fargo downgraded Intuit to Equal Weight from Overweight with a price target of $700, which was brought down from $840. The firm suggested that Intuit’s impressive performance in the tax sector last year will be a tough act to follow heading into 2026. A combination of high investor expectations and more difficult year-over-year comparisons creates a stiff uphill climb for the company’s near-term growth.

Prior to that, TD Cowen analyst Jared Levine initiated coverage of Intuit with a Buy rating and a price target of $802. The firm anticipated that the company would exceed consensus expectations and argued that the perceived risks associated with AI are currently exaggerated. Levine suggested that Intuit’s double-digit total return model remains underappreciated by the market at current share prices.

Additionally, on January 6, Truist also initiated coverage of Intuit Inc. (NASDAQ:INTU) with a Buy rating and a price target of $739. The firm highlighted the company’s dominant market position and noted its extensive range of fintech products served through major brands, including TurboTax, Credit Karma, QuickBooks, and Mailchimp.

Intuit Inc. (NASDAQ:INTU) provides financial management, payments & capital, compliance, and marketing products and services in the US.

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.