BMO Capital analyst Daniel Jester reiterated an Outperform rating and $550.00 price target on Intuit (NASDAQ: INTU).

The analyst comments "Our constructive view of Intuit's positioning for the US tax season continues in our reading of season-to-date trends and data. The slower start to the IRS return season has shown some improvements, and underlying trends look reasonable for Intuit ahead of the usual back-half re-acceleration in filings into April. We think the case for upside against our ~8% FY26 growth outlook has become somewhat better appreciated by investors since 2Q results, although like many peers, some of the bear-case AI-related worries may be difficult to fully overcome near term."

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Shares of Intuit closed at $457.02 yesterday.