BMO Capital Maintains an Outperform Rating on Intuit Inc. (INTU)
Intuit Inc. (NASDAQ:INTU) is one of the most oversold NASDAQ stocks to invest in. Intuit Inc. (NASDAQ:INTU) received a rating update from BMO Capital on February 10, which adjusted the price target on the stock to $624 from $810 but maintained an Outperform rating.
TD Cowen also adjusted the price target on Intuit Inc. (NASDAQ:INTU) to $658 from $802 on February 9, keeping a Buy rating on the shares and telling investors that its moderately positive view on the setup is supported by expectations of a clean beat against a low bar following recent underperformance in shares. A more outright positive view is precluded by its expectation that until there is increased comfort on terminal values and AI impacts, investors would largely remain on the sidelines across the software space.
In another development, Intuit Inc. (NASDAQ:INTU) announced on February 2 a new multi-year partnership with Affirm, under which the latter would become the exclusive pay-over-time solution built into QuickBooks Payments. This would further bolster Intuit Inc.’s (NASDAQ:INTU) end-to-end financial management capabilities that help expedite how businesses manage and grow their operations. QuickBooks offers resources to millions of small and mid-market businesses to manage their business. The partnership would allow several of them to offer Affirm’s flexible payment options to their customers while allowing them to maximize sales, boost conversion rates, and improve cash flow.
Intuit Inc. (NASDAQ:INTU) provides business and financial management solutions. Its operations are divided into the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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