5 Most Oversold S&P 500 Stocks So Far in 2026

3. Intuit Inc. (NASDAQ:INTU)

Share Price Decline Versus 52-Week High: 61.53%

Relative Strength Index: 33.63

Number of Hedge Fund Holders: 92

Intuit Inc. (NASDAQ:INTU) is among the 10 Most Oversold S&P 500 Stocks So Far in 2026. As of the close of business on May 29, the stock is a Strong Buy with an average share price upside potential of 51%.

Recent updates include J.P. Morgan analyst Mark Murphy, who on Friday reiterated the firm’s Buy rating on the stock with a price target of $605, according to a report on TipRanks.

Earlier on May 27, BofA initiated coverage of Intuit Inc. (NASDAQ:INTU) with a Buy rating and announced a price target of $400. The company’s shares are down 55% over the past 12 months. However, the firm believes the current valuation does not factor in the quality of the business, opportunities for growth, and ‘best-in-class’ margins.

The tax and software maker’s shares continued to tumble in May amid concerns over AI displacing products and services from established companies. During the month, the company announced it would cut 17% of its workforce as part of mass downsizing.

Moreover, its quarterly revenue for Q3 missed analysts’ estimates and grew at the slowest pace for any period since 2024, further aggravating investors’ concerns.

Intuit Inc. (NASDAQ:INTU) offers a global financial technology platform that provides financial management, compliance, and market products and services to consumers and businesses. The company has over 100 million customers worldwide, using products like TurboTax, QuickBooks, Mailchimp, and more.

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