Intuit Stock (INTU) Jumps 3% on Partnership with Anthropic to Boost AI Tools

FomoAnxiety · 2026-02-24T18:21:12+00:00

Intuit partnered with AI firm Anthropic to enhance its products with custom AI agents, aiming to boost productivity for businesses and consumers. The collaboration coincides with upcoming fiscal results, projecting significant revenue growth.

FomoAnxiety

2026-02-24 18:21:12

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Software firm Intuit INTU -0.01% ▼ rose about 3% on Tuesday after announcing a new partnership with Anthropic, the artificial intelligence company behind the Claude platform. The collaboration aims to bring custom AI agents and deeper financial intelligence into Intuit’s products, such as TurboTax, QuickBooks, and Mailchimp, as the company continues to expand its AI strategy.

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The news comes just ahead of the company’s fiscal second-quarter results due on February 26. Currently, analysts expect INTU to post revenue of $4.53 billion in Q2, up from $3.96 billion in the year-ago quarter. Further, the company is expected to report earnings of $3.68 per share, compared with $3.32 in the prior-year quarter.

New AI Features Aim to Boost Productivity

The partnership focuses on enhancing tools for both mid‑market businesses and consumers, with new features expected to roll out in spring 2026.

With this addition, mid-market businesses will be able to use Anthropic’s Claude Agent SDK to build secure, industry-specific AI agents directly on the Intuit platform. These agents can automate complex, compliance-heavy tasks such as cash‑flow forecasting and identifying margin changes.

At the same time, consumers will be able to connect their financial data to Claude to estimate tax refunds or schedule time with AI-powered TurboTax experts. Internally, Intuit plans to deploy Claude Code across its engineering teams to speed up software development and improve productivity.

Is INTU a Good Stock to Buy?

Turning to Wall Street, INTU stock has a Strong Buy consensus rating based on 12 Buys and three Holds assigned in the last three months. At $717.14, the average Intuit stock price target implies a 98.65% upside potential.

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