11 Best Stocks With Huge Upside Potential to Buy According to Reddit

8. Intuit Inc. (NASDAQ:INTU)

Intuit Inc. (NASDAQ:INTU) is one of the best stocks with huge upside potential to buy according to Reddit. Mizuho cut the price target on Intuit Inc. (NASDAQ:INTU) to $600 from $675 on March 2, reiterating an Outperform rating on the shares and telling investors that it updated its model after the fiscal Q2 report. The firm believes that the company’s AI fears are overblown and instead present an attractive buying opportunity.

In another development, Goldman Sachs cut the price target on Intuit Inc. (NASDAQ:INTU) to $519 from $720 on March 2, maintaining a Neutral rating on the shares. The same day, Citi lowered the price target on the stock to $649 from $803 while maintaining a Buy rating on the shares.

Intuit Inc. (NASDAQ:INTU) also received a rating update from Truist on February 27. The firm cut the price target on the stock to $500 from $739, reaffirming a Buy rating on the shares and telling investors that the company reported a solid Q2 with revenues of $4.65 billion and adjusted operating income coming in ahead of consensus expectations. It further stated that Intuit Inc. (NASDAQ:INTU) is seeing robust traction for its AI offering, with management noting that AI usage has driven consumption of QuickBooks products, driving QuickBooks Live customer growth of 50% in Q2 and 80% adoption of AI-powered data entry for TurboTax customers so far this tax season.

Intuit Inc. (NASDAQ:INTU) provides business and financial management solutions. Its operations are divided into the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.