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. Despite short-term bearish technical indicators, the company's strong financial performance, positive analyst sentiment, and resilience to AI disruption risks make it a compelling long-term investment opportunity.
The technical indicators are currently bearish. The MACD is negatively expanding, the RSI is neutral at 38.144, and moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). Key support levels are at 414.654 and 401.559, while resistance levels are at 435.851 and 457.049.
Strong Q2 financial performance with revenue growth of 17.36% YoY, net income growth of 47.13% YoY, and EPS growth of 49.40% YoY.
Analysts have upgraded the stock with high price targets, citing valuation attractiveness, resilient product cycles, and significant pricing power.
Michael Burry expressed optimism for a rebound in Intuit, highlighting its current price levels and market influence.
Bearish technical indicators suggest short-term weakness.
Concerns over AI disruption risks, though analysts believe these fears are overblown.
Mixed sentiment in the options market with a higher put-call volume ratio (1.4).
In Q2 2026, Intuit reported revenue of $4.65 billion, up 17.36% YoY, net income of $693 million, up 47.13% YoY, and EPS of $2.48, up 49.40% YoY. Gross margin increased to 74.97%, up 2.24% YoY, indicating strong profitability and operational efficiency.
Analyst sentiment is positive overall. Recent upgrades include Morgan Stanley elevating Intuit to Top Pick with a $580 price target, Rothschild & Co Redburn upgrading to Buy with a $700 price target, and Northcoast upgrading to Buy with a $575 price target. Analysts highlight Intuit's resilience to AI disruption risks, strong product cycles, and durable tax and small business franchises.
