Intuit remains a Buy despite 24% drop and AI concerns, with strong growth and raised revenue guidance.

Intuit's stock has dropped about 24% due to fears of AI commoditization impacting its valuation. However, the company raised its full-year revenue guidance to about 13.5% growth and continues to show strong free cash flow margins. Growth in TurboTax Live and mid-market segments offsets risks in the low-end DIY tax market. The current valuation assumes near-zero terminal growth, presenting a buying opportunity if Intuit sustains modest double-digit earnings growth.