Goldman Sachs Downgrades Intuit Amid Rising AI Competition in Tax Software Market

Goldman Sachs downgraded Intuit (INTU) to Sell from Neutral, citing increased competition from emerging AI-driven tax platforms. The brokerage cut its 12-month price target significantly and warned of potential long-term growth risks for the company.

By Fiona Craig Tue, June 2, 2026 at 1:46 PM GMT+3 4 min read · Yahoo Finance · June 2, 2026, 10:46 UTC

Tickers: $GS $INTU

Topics: AI competition stock downgrade tax software market

Read the full article at Yahoo Finance

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