Intuit, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Keith Weiss from Morgan Stanley maintained a Buy rating on the stock and has a $900.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Keith Weiss has given his Buy rating due to a combination of factors that suggest a positive outlook for Intuit. Despite concerns about AI disruption in the software sector, Weiss sees potential for Intuit to outperform in its fourth quarter and provide a strong guidance for FY26. The recent 11% pullback in Intuit’s stock price is viewed as an opportunity, as it may already reflect these AI concerns, thus presenting an attractive entry point.
Weiss is optimistic about Intuit’s growth prospects, particularly within Global Business Services, where stability among small and medium-sized businesses, durable pricing power, and product momentum are expected to drive growth. In the Consumer Tax segment, the strength of TT Live and opportunities in Full Assist are anticipated to mitigate fears of AI disruption. Additionally, while there are risks associated with SEO changes in CreditKarma, Weiss remains cautiously optimistic due to the strong lending environment and integration with TT. Furthermore, Intuit’s operational expense discipline is expected to support continued margin expansion, reinforcing the Buy rating.
Weiss covers the Technology sector, focusing on stocks such as Microsoft, Adobe, and Intuit. According to TipRanks, Weiss has an average return of 12.8% and a 64.02% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $815.00 price target.