Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
Key takeaways
- Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy?
- The issuance is composed of $750 million 4.950% Senior Notes due 2031 and $1 billion worth of 5.500% Senior Notes due 2036.
- In other news, Goldman Sachs analyst Gabriela Borges earlier downgraded the rating on Intuit to Sell from Neutral on June 2, lowering its price target to $276 from $519, according to a report by TheFly.
Is Intuit (INTU) One of the Best Generative AI Software Stocks to Buy? Catherine Talavera Thu, June 18, 2026 at 10:03 PM GMT+7 2 min read INTU Intuit Inc. (NASDAQ:INTU) is one of the 8 Best Generative AI Software Stocks to Buy in June. In a filing to the Securities and Exchange Commission on June 11, Intuit announced that it has raised approximately $1.74 billion from the issuance of senior notes worth $1.75 billion.
The issuance is composed of $750 million 4.950% Senior Notes due 2031 and $1 billion worth of 5.500% Senior Notes due 2036. The company said it intends to use the net proceeds for general corporate purposes, which may include refinancing its $750 million aggregate principal amount of 5.250% Senior Notes due 2026 and its $500 million aggregate principal amount of 1.350% Senior Notes due 2027.
In other news, Goldman Sachs analyst Gabriela Borges earlier downgraded the rating on Intuit to Sell from Neutral on June 2, lowering its price target to $276 from $519, according to a report by TheFly. The analyst said consensus estimates are likely too high for the next three years, noting that the company may have to revise its long-term growth targets downward.