JPMorgan has reduced its price target on Intuit (INTU) to $605 from $750 due to concerns that artificial intelligence (AI) will disrupt traditional software businesses. The company's stock has fallen more than 35% year to date and is down almost 50% from all-time highs. Despite this, Intuit reported 17% revenue growth and raised its quarterly dividend by 15%. The company’s CEO, Sasan Goodarzi, defended the company's regulatory environment against AI disruption claims. Despite the slide, the company posted $4.7 billion in revenue in Q2 of fiscal 2026, up 17% year over year. Despite these setbacks, Wall Street forecasts adjusted earnings per share to expand from $20.15 per share in fiscal 2025 to $33.21 per share by 2029. If the stock is priced at 20x forward earnings, which is below its 10-year average of 33.5x, it could rise by 60% over the next 30 months.