Intuit Shares Seen Gaining as Company Plans Accelerated Share Buybacks

Core Viewpoint - TD Cowen maintains a Buy rating and a price target of $633 on Intuit, highlighting the company's plan to accelerate share repurchases while halting stock sales by senior executives [1] Group 1: Share Repurchase and Stock Performance - Intuit plans to increase the pace of buybacks in the second half of the year, which TD Cowen believes could support earnings per share estimates [1] - The stock was indicated to be trading approximately 2% higher in pre-market activity following the news [2] - Year-to-date, Intuit shares have declined about 34%, primarily due to investor concerns regarding the impact of artificial intelligence on its business model [2] Group 2: Investment Outlook - TD Cowen considers the perceived AI risks to be overstated and continues to view Intuit as a top investment pick, citing a compelling risk-reward profile [3] - The stock is currently trading at roughly 15 times its calendar-year 2027 earnings estimate, which is seen as an attractive entry point for investors [3]