How Intuit (INTU) Is Expanding Its AI Workflow Case Beyond Tax and Accounting

Intuit Inc. (NASDAQ:INTU) is one of the best underperforming tech stocks to buy for a turnaround. The stock fits the setup after a steep reset: As of May 18, Intuit closed at $403.16, still about 50% below its 52-week high of $813.70 from July 30, 2025. That weakness leaves the company in the penalty box even as Wall Street remains broadly constructive, with MarketBeat showing a Moderate Buy rating and an average price target of $634.26.

The most recent support for the turnaround case came on May 13, when Intuit announced new AI-driven enhancements to the Intuit Enterprise Suite, including multi-entity close automation, dimensional reporting, construction-specific tools, and integrated human capital management capabilities. The company positioned the suite as an AI-native ERP command center for mid-market businesses, with a new conversational chat interface meant to automate recurring finance tasks through virtual AI agents.

How Intuit (INTU) Is Expanding Its AI Workflow Case Beyond Tax and Accounting

That followed Intuit’s May 6 launch of QuickBooks Workforce, which expands the company’s reach beyond accounting and tax into payroll, hiring, time tracking, benefits, and broader workforce management for small and mid-market businesses. For a beaten-down software name, the turnaround case is that AI strengthens Intuit’s financial workflow platform rather than replacing it.

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform behind TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite, serving about 100 million customers worldwide.

While we acknowledge the risk and potential of INTU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INTU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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