Intapp price target lowered to $70 from $80 at JPMorgan

JPMorgan lowered the firm’s price target on Intapp (INTA) to $70 from $80 and keeps an Overweight rating on the shares. The company’s fiscal Q1 report brought “encouraging” annual recurring revenue growth acceleration, the analyst tells investors in a research note. The firm views Intapp’s outlook as “overly conservative.”