Intuit Inc. (NASDAQ:INTU) is among the 10 Most Oversold S&P 500 Stocks So Far in 2026.
As of the close of business on May 29, the stock is a Strong Buy with an average share price upside potential of 51%
Recent updates include J.P. Morgan analyst Mark Murphy, who on Friday reiterated the firm’s Buy rating on the stock with a price target of $605, according to a report on TipRanks. Earlier on May 27, BofA initiated coverage of Intuit Inc. (NASDAQ:INTU) with a Buy rating and announced a price target of $400.
The company’s shares are down 55% over the past 12 months. However, the firm believes the current valuation does not factor in the quality of the business, opportunities for growth, and ‘best-in-class’ margins. The tax and finance software maker’s shares continued to tumble in May amid concerns over AI displacing products and services from established companies.