12 Most Profitable Cheap Stocks to Buy Right Now

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6. Intuit Inc. (NASDAQ:INTU)

Forward P/E: 9.59

Profit Margin: 21.91%

Net Income Available to Common (TTM): $4.58 Billion

Number of Hedge Fund Holders: 92

Intuit Inc. (NASDAQ:INTU) is one of the most profitable cheap stocks to buy right now. As of July 6, 2026, Wall Street analysts remain positive on Intuit Inc. (NASDAQ:INTU), with the stock holding a consensus Buy rating. Analysts have set a median 12-month price target of $446.50, suggesting a potential upside of 62% from the current stock price.

Despite the overall positive outlook, some firms have recently turned more cautious. On June 18, Stifel downgraded Intuit Inc. (NASDAQ:INTU) from Buy to Hold and cut its price target from $375 to $275. The firm expects the management to reduce its near- to medium-term growth targets for both TurboTax and GBS when it reports Q4 results or during its September Analyst Day. Stifel also noted that the company has shifted to a value-based pricing strategy, particularly for lower-priced offerings, to help stall recent losses in market share.

Earlier, on June 2, Goldman Sachs also downgraded Intuit Inc. (NASDAQ:INTU) from Neutral to Sell and reduced its price target from $519 to $276. The firm pointed to growing competitive pressure in the tax business, which it believes could affect the company’s future performance.

Goldman Sachs said that “it may be challenging for Intuit to achieve its long-term financial targets, and Street estimates for the next 2 years that essentially reflect no deceleration in revenue growth rates.”

Intuit Inc. (NASDAQ:INTU) is an American multinational financial technology and business software company that offers a wide range of products and services.

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 Most Profitable Cheap Stocks to Buy Right Now.

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