5 Best SaaS Stocks to Buy According to Reddit

3. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 103

Intuit Inc. (NASDAQ:INTU) is one of the 10 Best SaaS Stocks to Buy According to Reddit. Based on 34 analyst ratings compiled by CNN, 76% marked Intuit Buy while 21% assigned a Hold rating. The stock has an average price target of $446.50, a 71.07% upside from the current price of $261.

Earlier on June 18, Stifel downgraded its rating on Intuit to Hold from Buy while reducing its price target to $275 from $375 amid pricing strategy concerns, according to a report by Investing.com.

Stifel analyst Brad Reback highlighted the company’s shift to a more value-based pricing strategy after years of aggressive price increases, particularly at the lower end of each business segment, in a bid to address recent market share losses.

Stifel said it expects Intuit’s management to reduce near-term and medium-term growth targets for both TurboTax and QuickBooks Global Business Solutions when the company reports fourth-quarter results and holds its analyst day in September.

Meanwhile, on June 2, Goldman Sachs analyst Gabriela Borges downgraded Intuit to Sell from Neutral, reducing the price target to $276 from $519, according to a report by TheFly. The analyst emphasized that consensus estimates are likely too high for the next three years, noting that the company may have to revise its long-term growth targets downward.

In the third quarter of its fiscal year 2026, Intuit registered a 10% rise in total revenues to $8.6 billion. For its full fiscal year, the company expects revenues of $21.341 billion to $21.374 billion, growth of approximately 13% to 14%.

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.