Best 2 Tech Stocks to Buy Now on the Dip for 90% Upside

Why It Matters

The steep price declines paired with resilient earnings and AI‑driven growth prospects make Intuit and Salesforce attractive contrarian bets, potentially delivering significant upside as the market re‑evaluates AI’s impact on SaaS business models.

Key Takeaways

• Intuit and Salesforce down 35% and 27% YTD
• Both trading about 45% below all‑time highs
• AI integration projected to boost revenue 10‑12% annually
• Zacks price targets suggest roughly 90% upside
• Forward P/E ratios at historic lows versus sector

Pulse Analysis

The early‑2026 plunge in software equities reflects a broader investor anxiety that generative‑AI could erode the recurring‑revenue model that underpins SaaS. Intuit (INTU) and Salesforce (CRM) led the decline, shedding 35 % and 27 % respectively and now sit roughly 45 % beneath their historic peaks. While the sell‑off has driven forward price‑to‑earnings multiples to multi‑year lows, it also creates a valuation gap between these giants and the wider technology sector. Analysts view the discount as a potential entry point rather than a signal of structural weakness.

Intuit has woven artificial‑intelligence throughout its flagship products, from TurboTax to QuickBooks, positioning the firm as a “human‑AI hybrid” platform. Revenue grew 17 % in Q2 FY 26 and is projected to rise 12‑13 % through 2027, while adjusted earnings are on a 15 % upward trajectory. The company’s customer base of 100 million users and its recent AI‑driven features support a durable growth narrative, prompting Zacks to assign a Rank 2 (Buy) and a price target that implies about 43 % upside.

Salesforce’s strategy centers on the Agentforce AI suite, which generated $800 million in annual recurring revenue—a 169 % year‑over‑year jump. The firm now markets itself as the operating system for the “Agentic Enterprise,” coupling human workflows with autonomous agents. Revenue guidance of 11 % for FY 27 and a path to $63 billion by FY 30 underscores the AI tailwind. Coupled with a new dividend, ongoing share repurchases, and a forward P/E of 20.3×—the lowest in a decade—analysts see roughly 40 % near‑term upside and a longer‑run 90 % recovery potential.