INTU Should I Buy
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Intuit Inc. (INTU) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company has strong financial growth, positive congressional trading sentiment, and favorable analyst ratings despite some recent price target reductions. While technical indicators are bearish in the short term, the long-term fundamentals and positive catalysts outweigh the negatives.
The technical indicators show a bearish trend with the MACD histogram below 0 (-2.633), RSI at 21.052 (neutral zone), and bearish moving averages (SMA_200 > SMA_20 > SMA_5). The stock is trading near its key support level (S1: 382.292), suggesting limited downside risk in the short term.
Congress trading data shows 4 purchase transactions totaling $1.5M-$5.0M, indicating strong confidence from influential figures.
Financial performance in Q1 2026 shows significant growth: Revenue up 18.34% YoY, Net Income up 126.40% YoY, and EPS up 127.14% YoY.
Recent partnerships, such as with Wix, enhance Intuit's market position and product integration.
Analysts maintain a generally positive outlook with Buy ratings and price targets significantly above the current price.
Technical indicators are bearish, with the stock trading below key moving averages and a negative MACD.
Analyst price targets have been reduced recently due to concerns about tougher comparisons and AI impacts on traditional software companies.
Elevated implied volatility (IV percentile: 97.61, IV rank: 92.
suggests uncertainty in the options market.
In Q1 2026, Intuit demonstrated strong financial growth: Revenue increased by 18.34% YoY to $3.885 billion, Net Income surged by 126.40% YoY to $446 million, and EPS grew by 127.14% YoY to 1.59. Gross Margin improved to 74.16%, up 4.04% YoY, highlighting robust profitability.
Analysts maintain a generally positive outlook on Intuit. Recent ratings include Buy from TD Cowen and Truist, with price targets ranging from $624 to $802. However, some firms, like Wells Fargo, have downgraded the stock due to concerns about tougher comparisons and AI impacts. Overall, the stock is seen as undervalued with potential for long-term growth.
