Goldman Sachs Downgrades Intuit to Sell, Citing AI Threats to TurboTax Revenue

Goldman Sachs analyst Gabriela Borges downgraded Intuit (INTU) from Neutral to Sell and cut its price target significantly. The downgrade is based on concerns that AI-powered tax-filing tools could disrupt TurboTax's market dominance by offering a much lower cost alternative.

By Abdul Rahman Tue, June 16, 2026 at 10:02 PM GMT+3 2 min read · Yahoo Finance · June 16, 2026, 19:02 UTC

Goldman Sachs Downgrades Intuit to Sell, Citing AI Threats to TurboTax Revenue

Tickers: $INTU

Topics: AI disruption Goldman Sachs downgrade TurboTax revenue risk

Read the full article at Yahoo Finance

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