BMO Capital Maintains ‘Outperform’ Rating on Intuit Inc. (INTU); Raises PT from $820 to $870

With strong hedge fund backing and a positive analyst outlook, Intuit Inc. (NASDAQ:INTU) makes it to our list of the Top 10 AI Infrastructure Stocks to Buy Now.

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BMO Capital increased its price target on Intuit Inc. (NASDAQ:INTU) from $820 to $870 on July 11, 2025. Maintaining an ‘Outperform’ rating, the analyst cited growth potential in the company’s TurboTax segment, driven by new tax legislation. One Big Beautiful Bill was signed into law on July 4, 2025, resulting in significant changes to the tax code.

Analysts’ positive sentiment also follows a strong Q3 for Intuit Inc. (NASDAQ:INTU), where it recorded revenue of $7.8 billion (+15% YoY) and EPS of $11.65 per share (+18%). Meanwhile, TurboTax Live surged 47%. The company’s future outlook is further bolstered by its acquisition of Relevvo on June 30, 2025, which will streamline INTU’s go-to-market efforts, leveraging intelligent, data-driven customer engagement. The company expects full-year revenue growth of 15% and GAAP EPS growth of up to 27%.

Intuit Inc. (NASDAQ:INTU), a U.S.-based business software company, offers AI-powered tax, accounting, and credit products with platforms like TurboTax, QuickBooks, and Credit Karma.

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 this cheapest AI stock.

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