Truist Lowers PT on Intuit Inc. (INTU) Stock to $500 from $739

Intuit Inc. (NASDAQ:INTU) is one of the Best Automation Stocks to Buy According to Analysts.

On February 27, Truist reduced its price objective on the company’s stock to $500 from $739, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, Intuit Inc. (NASDAQ:INTU) posted strong Q2 2026 results, with revenues coming at $4.65 billion and adjusted operating income surpassing the consensus expectations.

Furthermore, Intuit Inc. (NASDAQ:INTU) is witnessing strong traction for its AI offering. The company’s management noted that AI usage supported the consumption of QuickBooks products.

In a different update, the company released its Q2 2026 financial results, with its Global Business Solutions revenue rising to $3.2 billion, up 18%, and Online Ecosystem revenue increasing to $2.5 billion, up by 21%. Intuit Inc. (NASDAQ:INTU) expects revenue of $20.997 billion - $21.186 billion for FY 2026, reflecting ~12% to 13% growth.

Intuit Inc. (NASDAQ:INTU) offers financial management, payments and capital, compliance, and marketing products and services. Intuit Enterprise Suite tends to combine AI automation and human expertise to offer built-in, automated workflows and deeper insights.

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.