Intuit upgraded to Strong Buy as operational performance and a fortress balance sheet contrast sharply with a 50% valuation discount. Q3 2026 revenue rose 10.4% to $8.56B, with Global Business Solutions and TurboTax Live driving growth; non-GAAP EPS beat consensus for the 19th time in 20 quarters. Forward 12-month P/E has compressed to 12 versus a 20-year average of 29.8, implying a 50% discount to fair value and a potential 101% total return by April 2027.