Intuit Stock Is Up 7,369% Since Its 1993 IPO and It’s Down 45% This Year. Here’s the Fuller Picture.

Intuit stock (INTU) has experienced a significant 45% drop in 2026, primarily due to intensifying AI-driven tax competition, despite a long-term gain of 7,369% since its 1993 IPO. While analysts have significantly cut their price targets, they still see an average 31% upside. TIKR’s model suggests an even higher valuation of $592 by 2030, implying a 71% total return, believing the market has overly discounted the AI threat compared to Intuit's underlying business strength.