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Investing.com - Piper Sandler initiated coverage on Intapp , Inc (NASDAQ:INTA) with a neutral rating and a $55.00 price target on Tuesday.
The research firm cited slowing top-line and cloud annual recurring revenue (ARR) growth in recent quarters as key factors behind its neutral stance on the professional services software provider.
Piper Sandler noted that while Intapp management has guided for meaningful margin expansion in 2025 and beyond, potential future catalysts could take years to materialize.
The firm specifically mentioned AI solutions that could replace lower-level employee functions as long-term opportunities that would require fundamental changes to long-standing business practices.
Piper Sandler concluded that Intapp shares are currently appropriately valued relative to peers, supporting its neutral rating on the stock.
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