Intapp price target lowered to $42 from $55 at Piper Sandler

Piper Sandler analyst Patrick Moley lowered the firm’s price target on Intapp (INTA) to $42 from $55 and keeps a Neutral rating on the shares. This quarter, the firm believes investors will be focused on management commentary surrounding incremental client conversations and progress on integrating AI workflows into the platform. SaaS ARR growth and the conversion of license contracts to SaaS contracts will also remain a focus, as well as the health of private credit/private equity firms which comprise a large part of Intapp’s customer base, Piper adds.