Intuit Inc. (NASDAQ:INTU) is one of the Best American AI Stocks to Buy Now.
According to a May 4 .com, TD Cowen reiterated a Buy rating on Intuit and set a stock price target of $633, citing survey results that support revenue projections for the company’s TurboTax business
Results from TD Cowen’s survey showed that 31% of respondents used TurboTax this year, compared with 17% for H&R Block, the next-highest-named vendor. The company forecasts 2% net customer growth for TurboTax, Intuit’s user-friendly tax preparation software that simplifies filing income tax returns. It offers users step-by-step guidance on how to file taxes.
The software also allows users to automatically calculate taxes and electronically file them. Aside from the software, the company also opened its TurboTax flagship store in SoHo, New York, in January, which combines the components of an agentic AI-driven consumer platform with human expertise to provide trusted, personalized guidance on tax filing matters. Intuit earlier reported a 17% rise in total revenues to $4.7 billion in the second quarter of fiscal 2026, which ended January 31.