Morgan Stanley Reaffirms ‘Buy’ Rating on Intuit Inc. (INTU) Amid Strong Earnings Outlook

With strong revenue growth and significant hedge fund interest, Intuit Inc. (NASDAQ:INTU) secures a spot on our list of the 14 Best IT Stocks to Buy for the Long Term.

Morgan Stanley Reaffirms ‘Buy’ Rating on Intuit Inc. (INTU) Amid Strong Earnings Outlook

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On August 18, 2025, Morgan Stanley reaffirmed its ‘Buy’ rating on Intuit Inc. (NASDAQ:INTU) with a $900 price target. This bullish stance remains despite an 11% pullback in the stock. The investment firm believes that investor concerns over AI disruptions may already be priced in and, therefore, sees the decline as an attractive buying point.

Looking ahead, the analyst expects Intuit Inc. (NASDAQ:INTU) to report solid Q4 results, alongside a strong FY26 guidance, due to growth in Global Business Services and sustained momentum in small-business solutions. Furthermore, TurboTax Live and Full Assist are seen as key growth drivers. At the same time, the company’s disciplined operational spending and resilience in Credit Karma are expected to improve margins amid a favorable lending environment.

With its Small Business, Consumer, Credit Karma, and ProTax segments, Intuit Inc. (NASDAQ:INTU) offers financial management, compliance, and marketing solutions globally. It is one of the best IT stocks.

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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Disclosure: None.