Intapp assumed with a Neutral at Piper Sandler

Piper Sandler assumed coverage of Intapp (INTA) with a Neutral rating and $55 price target Intapp’s management has guided to meaningful margin expansion in 2025 and beyond, but top-line and cloud annual recurring revenue growth has slowed in recent quarters, and future catalysts could take years to play out as they imply fundamental changes to long-standing business practices, the analyst tells investors in a research note. Piper believes shares are appropriately valued relative to peers.