TurboTax

Business

Intuit Shares Tumble 24% Amid AI Anxiety: Market Overreaction or Sign of Slowing Growth?

Despite posting strong Q1 results and reaffirming its double-digit growth outlook for fiscal 2026, Intuit's stock has been caught in a broader software sector sell-off. Investors are grappling with whether AI poses a disruptive threat or a tangible growth catalyst for the financial software giant.

Business

Mizuho Backs Intuit, Dismisses AI Tax Filing Fears as Market Overreaction

Mizuho Securities reaffirms its bullish stance on Intuit (INTU) with an $875 price target, arguing that recent investor anxiety over AI's potential to disrupt the tax preparation industry is exaggerated, citing the company's strategic integrations and expanding physical retail footprint.