Intuit (INTU) Completes Federal Reserve FedNow Certification Program

Intuit Inc. (NASDAQ:INTU) is one of the

12 Oversold Blue Chip Stocks to Buy According to Analysts.

On April 9, 2026, Intuit Inc. (NASDAQ:INTU) announced it has completed the Federal Reserve’s certification and readiness program for the FedNow Service. The milestone enables Intuit to support instant payments by partnering with financial institutions, allowing businesses to receive funds immediately, improve cash flow visibility, and benefit from real-time settlement.

Last month, Morgan Stanley named Intuit Inc. (NASDAQ:INTU) a Top Pick within its coverage, maintaining an Overweight rating and a $580 price target. The firm said valuation appears attractive, with two product cycles supporting potential top-line acceleration, and noted that upcoming fiscal Q3 results could provide greater clarity on tax-related momentum and estimate revisions.

Separately, Northcoast upgraded Intuit Inc. (NASDAQ:INTU) to Buy from Neutral with a $575 price target, citing the stock’s nearly 30% decline in 2026 and arguing that concerns around AI disruption may be overshadowing the strength of Intuit’s core tax and small business franchise.

Intuit Inc. (NASDAQ:INTU) provides financial software and services for individuals and businesses.

While we acknowledge the potential of INTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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