Jefferies details reasons why Intuit shares will bounce from here

Jefferies analyst Brent Thill believes the 15% drop in Intuit (INTU) shares thus far in 2026 is overdone. The stock is positioned to rebound as Intuit is recognized as an AI winner over time, the analyst tells investors in a research note. The firm says the company faces “dual tailwinds” in assisted tax and mid-market accounting. Jefferies believes Intuit’s should accelerate toward 20% in fiscal 2030 while the shares at a “below-peer valuation.” The stock remains the analyst’s top large cap pick with a Buy rating and $850 price target