10 Best AI Stocks to Watch in May

7. Intuit Inc. (NASDAQ:INTU)

Potential Upside: 51.87%

Number of Hedge Fund Holders: 109

Intuit Inc. (NASDAQ:INTU) is one of the best AI stocks to watch in May. In the past week, Intuit shares posted a 1.36% gain as the company announced leadership changes in its Small Business Group on April 28.

In a Securities and Exchange Commission (SEC) filing, the company announced that Marianna Tessel will step down as Executive Vice President and General Manager of its Small Business Group, effective May 31, 2026. Following this development, the company’s current Executive Vice President and General Manager of the Mid-Market Group, Ashley Still, will expand her role to lead both the Mid-Market Group and the Small Business Groups. Additionally, Tessel will remain employed by the Company in an advisory role until July 2, 2026.

On April 9, Intuit announced the completion of the Federal Reserve’s certification and readiness program for the FedNow Service, which will enable the company to partner with financial institutions to send instant payments on behalf of its customers. It explained that the flexible participation model enables INTU to accelerate the adoption of a more modern U.S. payment infrastructure, providing businesses with the ability to manage their cash flow more quickly and the financial confidence that comes with instant settlement.

In the second quarter of fiscal 2026, which ended January 31, Intuit reported a 17% rise in total revenues to $4.7 billion. For the full fiscal year, the company expects revenues of $20.997 billion to $21.186 billion, growth of approximately 12% to 13%. Based on 35 analyst ratings compiled by CNN, Intuit has a median price target of $590, a 51.87% upside from the current price of $388.50.

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform. It has approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite.