Wall Street Sees 50%+ Upside In Intuit (INTU); Check Out Why
Key takeaways
- Wall Street Sees 50%+ Upside In Intuit (INTU); Check Out Why Faheem Tahir Thu, June 11, 2026 at 8:03 PM GMT+7 2 min read INTU ^GSPC Intuit Inc.
- (NASDAQ:INTU) has been one of the steeper decliners in the S&P 500 this year, with AI disruption fears driving nearly 55% year-to-date losses and close to 60% over the past year.
- The most bearish analyst note came on June 2, 2026, when Goldman Sachs analyst Gabriela Borges downgraded Intuit Inc.
Wall Street Sees 50%+ Upside In Intuit (INTU); Check Out Why Faheem Tahir Thu, June 11, 2026 at 8:03 PM GMT+7 2 min read INTU ^GSPC Intuit Inc. (NASDAQ:INTU), with a forward P/E of 10.91x and upside potential of 50.50%, is among the top 10 lowest forward P/E stocks in the S&P 500.
Intuit Inc. (NASDAQ:INTU) has been one of the steeper decliners in the S&P 500 this year, with AI disruption fears driving nearly 55% year-to-date losses and close to 60% over the past year. That sell-off has divided Wall Street between those who see an opportunity and those who expect further downside. Shares were trading at around $300 at the time of writing.
The most bearish analyst note came on June 2, 2026, when Goldman Sachs analyst Gabriela Borges downgraded Intuit Inc. (NASDAQ:INTU) to “Sell” from “Neutral” and cut the firm’s price target to $276 from $519. Borges said consensus estimates are likely too high for the next three years and that Intuit may need to revise its long-term growth targets lower. She expects downward estimate revisions to weigh on the stock over the next several quarters as the market adjusts to an updated growth algorithm of 5% to 10% in sales growth. Additionally, Goldman cited heightened competition in tax as a key concern.