In a report released yesterday, Koji Ikeda from Bank of America Securities reiterated a Buy rating on Intapp, with a price target of $75.00.
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Koji Ikeda has given his Buy rating due to a combination of factors that highlight Intapp’s strong performance and growth potential. The company reported impressive fourth-quarter results, with total revenue and non-GAAP operating income surpassing expectations. A key highlight is the growth in Cloud Annual Recurring Revenue (ARR), which increased by 29.1% year-over-year, indicating robust demand and high value in a challenging market environment. Furthermore, the fiscal year 2026 guidance for SaaS revenue is set above market expectations, suggesting continued strong execution.
Intapp’s success is also attributed to its effective AI strategy, which has led to significant share gains. The introduction of new AI products has increased platform usage and improved metrics like net revenue retention. Additionally, the company’s go-to-market strategy, particularly its partnership with Microsoft, has been instrumental in securing large deals and facilitating product adoption. These factors, combined with a premium valuation justified by strong growth metrics, underpin Ikeda’s Buy rating and a price objective of $75.
In another report released on August 6, Truist Financial also reiterated a Buy rating on the stock with a $68.00 price target.
INTA’s price has also changed dramatically for the past six months – from $71.200 to $36.920, which is a -48.15% drop .