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Intuit Inc. (NASDAQ:INTU) is one of the 8 Best Generative AI Software Stocks to Buy in June. In a filing to the Securities and Exchange Commission on June 11, Intuit announced that it has raised approximately $1.74 billion from the issuance of senior notes worth $1.75 billion.

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The issuance is composed of $750 million 4.950% Senior Notes due 2031 and $1 billion worth of 5.500% Senior Notes due 2036. The company said it intends to use the net proceeds for general corporate purposes, which may include refinancing its $750 million aggregate principal amount of 5.250% Senior Notes due 2026 and its $500 million aggregate principal amount of 1.350% Senior Notes due 2027.

In other news, Goldman Sachs analyst Gabriela Borges earlier downgraded the rating on Intuit to Sell from Neutral on June 2, lowering its price target to $276 from $519, according to a report by TheFly. The analyst said consensus estimates are likely too high for the next three years, noting that the company may have to revise its long-term growth targets downward.

For the third quarter of its fiscal year 2026, Intuit reported a 10% rise in total revenues to $8.6 billion. The company expects revenues of $21.341 billion to $21.374 billion, growth of approximately 13% to 14% for its full fiscal year.

Based on 34 analyst ratings compiled by CNN, Intuit has a median price target of $446.50, a 58.46% upside from the current price of $281.77.

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform. It has approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite.

While we acknowledge the potential of INTU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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