Mizuho Keeps Outperform Rating on Intuit (INTU) After AI Agents Launch

Intuit Inc. (NASDAQ:INTU) is one of the 11 Best Fintech Stocks to Buy Right Now. On July 1, Mizuho reiterated an “Outperform” rating for Intuit Inc. (NASDAQ:INTU) with a price target of $875.

This decision came after the company announced its new AI agents across its product lineup. The rollout of AI agents came along with new web and mobile interfaces and Customer Hub deployment to “a range of QuickBooks Online products and customers in the US.”

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A professional tax preparer, using a laptop to complete an income tax return.

Initially, the AI agents will be rolled out for Payments, Accounting, Finance and Customer. Over the coming months, Intuit Inc. (NASDAQ:INTU) plans to release additional agents for Marketing, Payroll, and Project Management.

Mizuho pointed out that these AI capabilities are being integrated into multiple QuickBooks Online tiers and SKUs. This integration could encourage customers to upgrade to higher-priced offerings and potentially lead to a shift in product mix.

The research firm believes that these AI agents represent “a necessary evolution to simplify small business operations and reduce costs.” Mizuho analysts expect Intuit Inc. (NASDAQ:INTU) to launch standalone AI SKUs as the adoption rate rises. This could create new monetization opportunities for the company and improve platform retention.

Intuit Inc. (NASDAQ:INTU) is an American multinational financial technology company that offers a wide range of products and services. These include TurboTax for tax preparation, QuickBooks for small business accounting, Credit Karma for credit monitoring and personal finance, and Mailchimp for email marketing.

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