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Chicago, IL – September 3, 2026 – Today, Zacks Investment Ideas feature highlights Intuit (INTU - Free Report) .
Forget AI Stocks: Buy This Tech Stock Now for Value & 130% Upside
Investors looking to buy proven large-cap technology stocks trading at potentially deep-value levels and 55% below their all-time highs, might consider buying Intuit.
Chasing AI and chip stocks that have already soared over 100% in 2026 to start September might not be the most prudent investment strategy given the current wave of uncertainty and volatility hitting the market.
The upcoming midterm elections and the ongoing tensions between the U.S. and Iran create a series of unknowns. Plus, surging bond yields make risky Wall Street bets less attractive, and the Fed is possibly preparing a rate hike in the middle of the month.
Given this backdrop, let's dive into why investors might want to consider taking a chance on beaten-down technology stock Intuit to kick off September.
It might be worth nibbling on Intuit simply because it offers investors ~130% upside if it were to ever return to its all-time highs from the summer of 2025.
INTU: Buy this Tech Stock for Deep Value, Growth, AI Efforts, and 130% Upside
Intuit stock has dropped 55% from its late-July 2025 peaks as Wall Street worries that the rapid adoption and advancements of artificial intelligence tools will eat away at its core tax and business software offerings. INTU offered slightly disappointing FY27 sales guidance when it reported its Q4 results on August 25.
The bear case is simple: AI means that fewer people use TurboTax and the company's various other business and financial software.
But current Zacks estimates and Intuit's other fundamentals signal that investors should consider being greedy when others are fearful and start at least nibbling at Intuit stock, considering that it offers roughly ~130% upside if it ever returns to its all-time highs.
INTU in May announced plans to cut 17% of its global workforce, in a move the company says is about streamlining operations and improving execution.
It must also be stressed that the company behind TurboTax, QuickBooks, consumer finance platform Credit Karma, and more is rolling out its own AI solutions throughout its business and evolving in other ways to adapt to the AI age.
Intuit's broader "Big Bets" efforts are focused on TurboTax Live, which is where experts help file or fully prepare returns. The push also includes AI agents+human experts that 'do the work' for consumers, small businesses, and accountants.
INTU is also expanding its reach and appeal to mid-market business clients via "conversational AI, enterprise scale, and deep industry workflows for CFOs and accounting firms."
The firm said its Big Bets efforts expanded by 34% in fiscal 2026 and accounted for 30% of total sales, which jumped 14% YoY. On top of that, Intuit expanded its GAAP earnings by 20% in fiscal 2026.
More importantly, the nearby charts highlight Intuit's impressive long-term EPS growth over the last decade and its strong outlook over the next few years.
The tax software giant is projected to grow its revenue by 9% in FY27 and 10% in FY28 to reach nearly $26 billion. This marks a slowdown compared to its recent expansion, and its earnings estimates have slipped 15% and 9%, respectively, for 2027 and 2028 since its release.
But the slowdown, or at least a large chunk of Intuits' near-term outlook, is likely already baked into its stock price.
The company, which boasts approximately 100 million global customers, is boosting its buybacks and raising its dividend, supported by its robust balance sheet and impressive free cash flow growth.
INTU stock has climbed ~970% in the past 20 years vs. Tech's ~1,000% and the S&P 500's ~525%. This strong performance includes its ~55% drop from last summer's highs.
The stock already found support at its very long-term 200-month moving average earlier this summer. The tech stock is on the cusp of potentially breaking out above a key range while still trading at some of its most oversold RSI levels on record.
The software titan that's rapidly expanding its AI efforts and preparing for a quickly changing technological landscape trades at its lowest forward earnings multiple since the 2008 financial crisis at just 14.8X forward 12-month earnings.
This marks an 80% discount to its highs, 55% value against its median, and a 25% discount to the Tech sector.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
View the Zacks #1 Rank List
Image: Bigstock
Zacks Investment Ideas feature highlights: Intuit
For Immediate Release
Chicago, IL – September 3, 2026 – Today, Zacks Investment Ideas feature highlights Intuit (INTU - Free Report) .
Forget AI Stocks: Buy This Tech Stock Now for Value & 130% Upside
Investors looking to buy proven large-cap technology stocks trading at potentially deep-value levels and 55% below their all-time highs, might consider buying Intuit.
Chasing AI and chip stocks that have already soared over 100% in 2026 to start September might not be the most prudent investment strategy given the current wave of uncertainty and volatility hitting the market.
The upcoming midterm elections and the ongoing tensions between the U.S. and Iran create a series of unknowns. Plus, surging bond yields make risky Wall Street bets less attractive, and the Fed is possibly preparing a rate hike in the middle of the month.
Given this backdrop, let's dive into why investors might want to consider taking a chance on beaten-down technology stock Intuit to kick off September.
It might be worth nibbling on Intuit simply because it offers investors ~130% upside if it were to ever return to its all-time highs from the summer of 2025.
INTU: Buy this Tech Stock for Deep Value, Growth, AI Efforts, and 130% Upside
Intuit stock has dropped 55% from its late-July 2025 peaks as Wall Street worries that the rapid adoption and advancements of artificial intelligence tools will eat away at its core tax and business software offerings. INTU offered slightly disappointing FY27 sales guidance when it reported its Q4 results on August 25.
The bear case is simple: AI means that fewer people use TurboTax and the company's various other business and financial software.
But current Zacks estimates and Intuit's other fundamentals signal that investors should consider being greedy when others are fearful and start at least nibbling at Intuit stock, considering that it offers roughly ~130% upside if it ever returns to its all-time highs.
INTU in May announced plans to cut 17% of its global workforce, in a move the company says is about streamlining operations and improving execution.
It must also be stressed that the company behind TurboTax, QuickBooks, consumer finance platform Credit Karma, and more is rolling out its own AI solutions throughout its business and evolving in other ways to adapt to the AI age.
Intuit's broader "Big Bets" efforts are focused on TurboTax Live, which is where experts help file or fully prepare returns. The push also includes AI agents+human experts that 'do the work' for consumers, small businesses, and accountants.
INTU is also expanding its reach and appeal to mid-market business clients via "conversational AI, enterprise scale, and deep industry workflows for CFOs and accounting firms."
The firm said its Big Bets efforts expanded by 34% in fiscal 2026 and accounted for 30% of total sales, which jumped 14% YoY. On top of that, Intuit expanded its GAAP earnings by 20% in fiscal 2026.
More importantly, the nearby charts highlight Intuit's impressive long-term EPS growth over the last decade and its strong outlook over the next few years.
The tax software giant is projected to grow its revenue by 9% in FY27 and 10% in FY28 to reach nearly $26 billion. This marks a slowdown compared to its recent expansion, and its earnings estimates have slipped 15% and 9%, respectively, for 2027 and 2028 since its release.
But the slowdown, or at least a large chunk of Intuits' near-term outlook, is likely already baked into its stock price.
The company, which boasts approximately 100 million global customers, is boosting its buybacks and raising its dividend, supported by its robust balance sheet and impressive free cash flow growth.
INTU stock has climbed ~970% in the past 20 years vs. Tech's ~1,000% and the S&P 500's ~525%. This strong performance includes its ~55% drop from last summer's highs.
The stock already found support at its very long-term 200-month moving average earlier this summer. The tech stock is on the cusp of potentially breaking out above a key range while still trading at some of its most oversold RSI levels on record.
The software titan that's rapidly expanding its AI efforts and preparing for a quickly changing technological landscape trades at its lowest forward earnings multiple since the 2008 financial crisis at just 14.8X forward 12-month earnings.
This marks an 80% discount to its highs, 55% value against its median, and a 25% discount to the Tech sector.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.