Caesars Entertainment misses Q2 earnings expectations, shares edge lower
On Wednesday, Citi analysts updated their outlook on Intapp , Inc. (NASDAQ:INTA), increasing the price target to $66.00 from the previous $62.00. The firm maintained a Neutral rating on the stock. Currently trading at $57.19, between its 52-week range of $31.08 to $77.74, Intapp has demonstrated remarkable strength with a 72.5% return over the past year, according to InvestingPro data. The adjustment follows Intapp’s recent earnings report, which presented a combination of strengths and weaknesses.
Intapp experienced solid Annual Recurring Revenue (ARR) growth, primarily driven by its cloud offerings. The company has maintained strong revenue growth of 18.6% over the last twelve months, with total revenue reaching $465 million. Despite a modest beat on the top-line revenue and a miss in billings, the improved figures were factored into the full-year guidance, and there was an upward revision to the forecast for fourth-quarter EBIT.
Management at Intapp has not observed any significant macroeconomic pressures, attributing this resilience to their largely non-cyclical customer base. With a strong financial health score rated as "GOOD" by InvestingPro and more cash than debt on its balance sheet, the company appears well-positioned for growth. The Net Revenue Retention (NRR) rate has remained consistent, and the company is looking to leverage an upcoming AI product cycle. This is expected to enhance cross-selling opportunities and support cloud migrations, which could lead to a 20% uplift in ARR.
Citi’s analysts have cautiously adjusted their fiscal year 2026 estimates for Intapp due to mixed signals regarding forward growth. The reiteration of the Neutral/High Risk rating reflects a balanced view of risk and reward, considering Intapp’s current trading at 37 times the fiscal year 2026 enterprise value to free cash flow (EV/FCF). With analyst targets ranging from $60 to $92, and a consensus recommendation of "Buy," investors seeking deeper insights can access comprehensive valuation analysis and 8 additional ProTips through InvestingPro’s detailed research report.
In other recent news, Intapp Inc. reported strong financial results for Q1 2025, with total revenue reaching $129.1 million, a 17% increase from the previous year. The company exceeded expectations with a non-GAAP diluted earnings per share (EPS) of $0.26, surpassing the forecast of $0.2193. SaaS revenue grew by 28%, reflecting a robust demand for cloud services. Despite this performance, Intapp’s stock experienced a decline in after-hours trading. Intapp also launched several AI-driven products, which are expected to enhance its competitive position. The company announced the strategic acquisition of Termsheet, a move aimed at expanding its real assets offerings. Analysts from firms such as JPMorgan and Stifel inquired about Intapp’s business strategies during the earnings call, highlighting continued interest in its AI and cloud capabilities. Intapp’s leadership emphasized their focus on applied AI without significant capital expenses, pointing to a strategic positioning in their market.
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