Is Intuit Inc. (INTU) A stock that could 10x by 2030 Amid Restructuring and TurboTax Hit?

Intuit Inc. (NASDAQ:INTU) is one of the stocks that could 10x by 2030. On May 26, Mizuho reiterated an Outperform rating on Intuit Inc. (NASDAQ:INTU) but cut the price target to $500 from $600.

Is Intuit Inc. (INTU) A stock that could 10x by 2030 Amid Restructuring and TurboTax Hit?

The significant price target cut is in response to Intuit lowering its annual revenue forecast for TurboTax, its tax filing software. The cut follows management comments that that Internal Revenue Service tax fillings were projecting a drop of nearly 30 basis points this season, 2 million short of the broader economic forecast. The company expects its TurboTax revenue to range between $5.277 billion and $5.282 billion, down from its previous guidance of $5.305 billion to $5.330 billion.

In the fiscal third quarter of 2026, TurboTax revenue grew 7% to $4.4 billion. For the full year, Intuit Inc expects TurboTax Live revenue to grow by 36% to $2.8 billion and to account for 53% of total TurboTax revenue. It also expects TurboTax Live customers to grow by 38%.

On the other hand, the company plans to cut 17% of its full-time workforce. The cut will affect 17% of the full-time workforce and is expected to simplify the organizational structure as Intuit focuses on key areas, including AI efforts.

Intuit Inc. (NASDAQ:INTU) is a financial technology platform that provides business and financial management software for consumers, accountants, and small- to mid-market businesses. They leverage AI to help customers manage taxes, personal finances, payroll, and bookkeeping.

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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