Jefferies Sees Credit Karma Driving Potential Upside for Intuit Inc. (INTU)

Intuit Inc. (NASDAQ:INTU) is among the 20 Best Investments in 2026.

Intuit Inc. (NASDAQ:INTU) is on our list of best investments in 2026.

TheFly reported on February 22 that Jefferies lowered its price target for INTU to $650 from $850 while maintaining a Buy rating. The firm anticipates solid results in the company’s fiscal Q2, despite a “seasonally light” period that includes only six days of tax e-filing. Additionally, Jefferies sees potential upside from Credit Karma, driven by favorable momentum among card issuers.

In other news, on February 19, Intuit Inc. (NASDAQ:INTU) unveiled a major update to its Consumer Group with the introduction of the TurboTax “Done-For-You” experience. This hybrid model combines Agentic AI, which handles about 90% of standard tax form data entry, with support from nearly 600 Expert Offices and 20 new immersive stores.

TurboTax and Uber Advertising together will further improve accessibility by offering consumers a complimentary ride up to $25 to visit their local tax expert. Experts may concentrate on making complex decisions while AI handles repetitive duties in the new stores' serene, stress-free atmosphere and smooth combination of digital tools and human supervision. This program embodies Intuit's approach to streamline tax preparation, eliminate obstacles, and provide filers with a more effective, individualized, and secure experience.

Intuit Inc. (NASDAQ:INTU) provides financial, accounting, and tax software solutions, including QuickBooks, TurboTax, and Mint, helping individuals and businesses manage finances efficiently.

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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