$INTU stock call: Buy, accumulate $262 to $310

$INTU: I'm a buyer here and I'd add down to $262.

20% below the 200-day
13x its FY27 EPS guide
$8.6B of free cash flow, about 10% of its market cap

I think the AI fear is priced in because revenue still grew 14% and the Sep low held above June's.

Not financial advice

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Bear case: TurboTax federal units fell 2% to 39.0M last season and the CEO said price is the top reason customers leave. FY27 guidance is only 9% to 10% growth with TurboTax at 2% to 3%. If cheap AI tax tools keep winning DIY filers the multiple can stay low.

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Chart + wave read: I count the $813.70 Jul 2025 top to the $252.84 Jun 2026 low as a finished ABC. The rally to $372.98 looks like wave 1 and the $262.32 Sep low a wave 2 that held. The 88.6% retrace of the whole 2020 to 2025 run is $259, so $259 to $262 is my floor.

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The business: FY26 revenue was $21.4B, up 14%, with $8.6B of free cash flow. Intuit bought back $5.5B of stock, raised the dividend 15% to $1.38 a quarter and guides $22.88 to $23.12 of non-GAAP EPS. At an ~$84B market cap it isn't priced like a winner.

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My plan: start here and add toward $262. If wave 3 is starting the first test is the 200-day near $383, then $457 to $467 (1.618x wave 1 and the 38.2% retrace of the crash). A close below $252.84 breaks my count and I'd wait. Q1 report is expected around Nov 19 (not confirmed).

Sources: FMP: $INTU quote, 50/200-day, price history, ratios, cash flow and estimates (Oct 12, 2026) · Intuit Q4 and FY26 results press release (SEC EX-99.01): revenue, cash flow, buybacks, dividend, FY27 guidance · Intuit IR: FY26 results and FY27 guidance · Quartz: TurboTax units fell 2% to 39.0M, price top reason customers left, FY27 guide 9% to 10% · Kalkine: soft FY27 outlook, TurboTax units down 2%, CEO on price as top churn reason · 24/7 Wall St: Intuit sinks 12% on AI disruption fears after FY27 guide

Not financial advice. For informational and educational purposes only.