12 Oversold Software Stocks to Invest In

5. Intuit Incorporated (NASDAQ:INTU)

Number of Hedge Fund Holders: 96

Upside Potential: 95.8%

Intuit Incorporated (NASDAQ:INTU) is one of the 12 oversold software stocks to invest in.

On February 2, Intuit Incorporated (NASDAQ:INTU) revealed a long-term partnership with Affirm (AFRM), which will make Affirm an exclusive pay-over-time solution, built directly into the QuickBooks Payments system. This feature will enable eligible businesses across the U.S. to offer flexible payment plans to customers.

David Hahn, EVP, GM Services Group, stated:

“By partnering with Affirm to bring native, pay-over-time functionality to QuickBooks, we are giving businesses a powerful new way to increase conversion and improve cash flow, while offering their own customers flexibility, with more than $2 trillion in invoices managed on our platform each year, this integration further accelerates the frictionless payments capabilities we offer to our customers to manage and grow their business all-in-one place, and represents one of the many ways we are helping to fuel financial success for businesses and consumers across our Intuit platform.”

On January 6, Truist Financial initiated coverage of Intuit Incorporated (NASDAQ:INTU) with a Buy rating and a $739 price target. The firm highlighted the company’s strong market position and diversified portfolio of brands such as TurboTax, Credit Karma, QuickBooks, and Mailchimp. It noted the company’s increasing focus on recurring revenues and margin expansion through a cloud-based subscription model and fintech services.

Intuit Incorporated (NASDAQ:INTU) is a financial technology platform that offers financial management, compliance, payments, tax, and personal finance solutions. The company serves individuals and small businesses through unified AI-enabled platforms. Through its QuickBooks services, it delivers checking accounts, payroll solutions, time tracking, merchant payment processing, and bill pay solutions. It also offers marketing automation and CRM services through Mailchimp.