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Investing.com - Stifel lowered its price target on Intapp , Inc (NASDAQ:INTA) to $60.00 from $65.00 on Tuesday, while maintaining a Buy rating on the stock ahead of the company’s fourth-quarter results. According to InvestingPro data, Intapp maintains strong revenue growth of 17.7% and a healthy current ratio of 1.46, despite trading at a premium with a Price/Book ratio of 7.88.
The price target reduction reflects Stifel’s adjusted estimates for lower on-premise license revenue in fiscal year 2026 and beyond, though the firm’s SaaS/Cloud estimates for FY26 remain unchanged.
Stifel noted that its revised license estimates better reflect the state of Intapp’s cloud migration and the appropriate size and contract terms of the company’s license revenue base, which is expected to include fewer multi-year on-premise license contracts going forward.
The firm pointed out that Intapp shares have underperformed the iShares Expanded Tech-Software Sector ETF (IGV) by approximately 36 percentage points year-to-date, suggesting this weakness already discounts the durable growth potential of the business.
Stifel expressed confidence in Intapp’s long-term market positioning and the potential for artificial intelligence to serve as an incremental expansion driver, while also noting the prospect of improving margins as the company continues its cloud migration in coming years. Based on InvestingPro’s Fair Value analysis, the stock currently appears overvalued, though analysts expect the company to become profitable this year.
In other recent news, Intapp Inc. reported strong financial results for Q1 2025, with total revenue reaching $129.1 million, marking a 17% year-over-year increase. The company’s non-GAAP diluted earnings per share (EPS) exceeded expectations, coming in at $0.26 compared to the forecast of $0.2193. In addition to its earnings report, Intapp has announced a strategic partnership with Snowflake (NYSE:SNOW) to enhance deal management analytics, integrating Intapp’s DealCloud platform with Snowflake’s AI Data Cloud. Another significant development is Intapp’s collaboration with MSCI, which aims to integrate MSCI’s private asset data into Intapp’s AI-powered platform, DealCloud, enhancing decision-making for private market professionals.
On the analyst front, Stifel has lowered its price target for Intapp to $60 from $65, while maintaining a Buy rating, citing adjustments in license revenue estimates. Meanwhile, Citi has increased its price target for Intapp to $66 from $62, maintaining a Neutral rating, following Intapp’s earnings report that showed strengths in Annual Recurring Revenue (ARR) growth. Intapp’s recent strategic moves also include the acquisition of Termsheet, a software provider for real estate teams, which aims to strengthen its offerings in the real assets sector. These developments reflect Intapp’s ongoing efforts to expand its capabilities in AI and cloud solutions, particularly in professional services markets.
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