Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Markets love a good villain.</li><li>Right now, artificial intelligence has become the monster hiding under every software company’s bed.</li><li>Investors seem convinced that generative AI will dismantle legacy platforms and flatten the economics of software.</li></ul>

Markets love a good villain.Right now, artificial intelligence has become the monster hiding under every software company’s bed.Investors seem convinced that generative AI will dismantle legacy platforms and flatten the economics of software.

Intuit & The $300 Billion AI Misunderstanding!

Credit

<ul><li>Intuit Inc., a global technology platform company that provides financial and business management solutions, reported strong second-quarter fiscal year 2026 results.</li><li>The company showcased a solid 17% revenue growth, emphasizing its success through three strategic areas of investment.</li><li>Key elements of Intuit's performance included advancements in artificial intelligence (AI) and human intelligence (HI) integrations, which are central to customer engagement and business operations.</li></ul>

Intuit Inc., a global technology platform company that provides financial and business management solutions, reported strong second-quarter fiscal year 2026 results.The company showcased a solid 17% revenue growth, emphasizing its success through three strategic areas of investment.Key elements of Intuit's performance included advancements in artificial intelligence (AI) and human intelligence (HI) integrations, which are central to customer engagement and business operations.

Can Intuit Inc Keep Credit Karma Momentum As Loan Growth Faces Tougher Comparisons?

<ul><li>Intuit, a key player in financial software, has delivered strong results in the first quarter of fiscal 2026.</li><li>The company reported an 18% increase in revenue, which highlights the momentum and robust growth strategy that Intuit is executing.</li><li>This growth can be attributed to its AI-driven platform, which has further enhanced customer experiences across consumer and business segments.</li></ul>

Intuit, a key player in financial software, has delivered strong results in the first quarter of fiscal 2026.The company reported an 18% increase in revenue, which highlights the momentum and robust growth strategy that Intuit is executing.This growth can be attributed to its AI-driven platform, which has further enhanced customer experiences across consumer and business segments.

Intuit: Inside Credit Karma + TurboTax—How This Integration Is Quietly Winning Market Share!

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Thematic (Sector/Industry)

<ul><li>The pace of change across the tech sector is accelerating.</li><li>The global tech selloff reflects growing investor concern over the durability of software moats as AI reshapes the technology landscape.</li><li>Our ratings were unchanged over the March 2026 quarter, with Vista Group (VGL), Serko (SKO), and Gentrack (GTK) all rated OUTPERFORM.</li></ul>

The pace of change across the tech sector is accelerating.The global tech selloff reflects growing investor concern over the durability of software moats as AI reshapes the technology landscape.Our ratings were unchanged over the March 2026 quarter, with Vista Group (VGL), Serko (SKO), and Gentrack (GTK) all rated OUTPERFORM.

Forsyth Barr Technology Digest Edition 14—The Pace of Change Accelerates

<ul><li>The aggressive global sell-off across listed tech reflects a rapid change in how the market is thinking about AI risk for software companies, as large language models improve quickly.</li><li>If large model providers take over more of the interface and decision-making, some software vendors risk losing their grip on the customer relationship.</li><li>We remain OUTPERFORM on Vista Group (VGL), Gentrack (GTK) and Serko (SKO), which we continue to view constructively, underpinned by: (1) large proprietary data sets; (2) deep domain expertise across complex workflows; and (3) long-standing, trusted client relationships.</li></ul>

The aggressive global sell-off across listed tech reflects a rapid change in how the market is thinking about AI risk for software companies, as large language models improve quickly.If large model providers take over more of the interface and decision-making, some software vendors risk losing their grip on the customer relationship.We remain OUTPERFORM on Vista Group (VGL), Gentrack (GTK) and Serko (SKO), which we continue to view constructively, underpinned by: (1) large proprietary data sets; (2) deep domain expertise across complex workflows; and (3) long-standing, trusted client relationships.

Tech Sector: The Software Endgame Who Owns The Workflow

United States

Intuit Inc. develops and markets business and financial management software solutions for small and medium sized businesses, financial institutions, consumers, and accounting professionals  The Company provides software for small business management and payroll processing, personal finance, and tax preparation and filing.

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Intuit Inc (INTU US)

Intuit & The $300 Billion AI Misunderstanding!

Markets love a good villain. Right now, artificial intelligence has become the monster hiding under every software company’s bed. Investors seem...

Baptista Research

Can Intuit Inc Keep Credit Karma Momentum As Loan Growth Faces Tougher Comparisons?

Intuit Inc., a global technology platform company that provides financial and business management solutions, reported strong second-quarter fiscal...

Baptista Research

Forsyth Barr Technology Digest Edition 14—The Pace of Change Accelerates

The pace of change across the tech sector is accelerating. The global tech selloff reflects growing investor concern over the durability of...

Forsyth Barr

Tech Sector: The Software Endgame Who Owns The Workflow

The aggressive global sell-off across listed tech reflects a rapid change in how the market is thinking about AI risk for software companies, as...

Forsyth Barr

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Intuit & The $300 Billion AI Misunderstanding!

Markets love a good villain. Right now, artificial intelligence has become the monster hiding under every software company’s bed. Investors seem...

Baptista Research

Can Intuit Inc Keep Credit Karma Momentum As Loan Growth Faces Tougher Comparisons?

Intuit Inc., a global technology platform company that provides financial and business management solutions, reported strong second-quarter fiscal...

Baptista Research

Intuit: Inside Credit Karma + TurboTax—How This Integration Is Quietly Winning Market Share!

Intuit, a key player in financial software, has delivered strong results in the first quarter of fiscal 2026. The company reported an 18% increase...

Baptista Research

Forsyth Barr Technology Digest Edition 14—The Pace of Change Accelerates

The pace of change across the tech sector is accelerating. The global tech selloff reflects growing investor concern over the durability of...

Forsyth Barr

Tech Sector: The Software Endgame Who Owns The Workflow

The aggressive global sell-off across listed tech reflects a rapid change in how the market is thinking about AI risk for software companies, as...

Forsyth Barr