Goldman Sachs Assumes Coverage of Intuit (INTU) Stock with Neutral Rating and $720 Price Objective

Goldman Sachs assumes coverage of Intuit (INTU) with a "Neutral" rating and $720 price objective. The adoption of AI is seen as a positive tailwind for the software total addressable market, but the analyst awaits Intuit's assisted tax share gains before recommending its shares. Wells Fargo downgraded Intuit's stock to "Equal Weight" from "Overweight" with a $700 price objective, citing tough comparisons and expectations. TD Cowen initiated coverage with a "Buy" rating and $802 price objective, seeing upside potential to estimates and downplaying perceived AI risks.