Barclays downgraded Intapp (INTA) to Underweight from Equal Weight with a price target of $44, down from $60. The firm views consensus fiscal 2026 estimates as too high. It expects organic Intapp’s recurring revenue growth to continue trending below 20% and ultimately into the teens next year. The company will phase out multi-year on-premise subscription contracts, which have higher upfront revenue, the analyst tells investors in a research note. Barclays reduced fiscal 2026 below the consensus as a result and downgraded the shares.
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