10 Best Software Stocks to Buy in 2026

​7. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 92

Intuit Inc. (NASDAQ:INTU) is one of the Best Software Stocks to Buy in 2026. Intuit Inc. (NASDAQ:INTU) has declined more than 8% over the past month, mainly due to valuation concerns and AI disruption fears. The Street has a bullish outlook on the stock, with analysts’ 12-month average price target suggesting more than 62% upside from the current level.

​Recently, on June 25, Citi maintained a Buy rating on the stock with a price target of $591. However, earlier on June 18, Stifel downgraded the stock from Buy to Hold and lowered the price target from $375 to $275.

​Stifel noted that the core concern behind the downgrade is that it expects management to lower long-term growth targets for TurboTax and Global Business Solutions at the September analyst day. This comes as the company shifts from years of aggressive price hikes toward more value-based pricing.

The firm noted that it sees TurboTax’s growth target dropping to 4% – 6% from 6% – 10%, mainly as lower-income customers get more price sensitive in the DIY tax-filing business. Moreover, for Global Business Solutions, the firm expects growth targets falling to 10% – 15% from the previous 15% – 20% range, due to softer momentum in QuickBooks, payroll, and especially Mailchimp. Stifel also trimmed its fiscal 2027 revenue and EPS estimates, while introducing a fiscal 2028 EPS forecast of $29.38.

​Despite the downgrade, Stifel does not expect a sharp further sell-off and noted strong buybacks and a reasonable valuation.

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform behind TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, serving about 100 million customers worldwide.