Intuit's 60% Drop Tied to AI Risk on Tax and Accounting Products

Intuit shares fell more than 60% over the past year as AI fears and a broad software selloff pressured the company. The products considered most exposed to the AI narrative are TurboTax, QuickBooks, Credit Karma, and Mailchimp, according to a Seeking Alpha analysis. The INTU stock page tracks the stock's year-long slide.

The author of the analysis said the drop has made the valuation attractive and disclosed a plan to potentially buy the stock within 72 hours.

AlphaScala's proprietary score on Intuit is 33 out of 100, a Weak rating. The score reflects weak price momentum and negative earnings revision trends.