10 Best American AI Stocks to Buy Now

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6. Intuit Inc. (NASDAQ:INTU)

Potential Upside: 48.12%

Number of Hedge Fund Holders: 91

Intuit Inc. (NASDAQ:INTU) is one of the best American AI stocks to buy now. According to a May 4 report by Investing.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. The company expects revenues of $20.997 billion to $21.186 billion, growth of approximately 12% to 13% for its full fiscal year. According to 35 analyst ratings compiled by CNN, Intuit has a median price target of $590, a 48.12% upside from the current price of $398.32.

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.

While we acknowledge the potential of INTU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTU and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best American AI Stocks to Buy Now.

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