Citi analyst Steven Enders has revised the price target for Intapp (INTA, Financial), lowering it from $76 to $62 while maintaining a Neutral rating for the stock. As the firm approaches its Q1 earnings, concerns about tariff exposure, potential deal delays, and currency fluctuations are prompting a cautious outlook for the application software sector.
The firm’s recent survey of chief investment officers indicates a modest reduction in budget growth projections for the next 12 months. Additionally, there is a negative sentiment towards investing in back-office projects, largely due to the impact of tariffs. These factors contribute to a challenging environment for the software group, particularly affecting companies like BlackLine (BL) and OneStream (OS), which are anticipated to face continued deal delays into the second quarter.
Despite the broader market challenges, Citi views Intapp (INTA, Financial) and Vertex (VERX) as relatively shielded from these macroeconomic pressures. The firm suggests these stocks are better positioned to withstand current market conditions compared to their peers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Intapp Inc (INTA, Financial) is $74.00 with a high estimate of $92.00 and a low estimate of $60.00. The average target implies an upside of 43.66% from the current price of $51.51. More detailed estimate data can be found on the Intapp Inc (INTA) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Intapp Inc's (INTA, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Intapp Inc (INTA, Financial) in one year is $45.37, suggesting a downside of 11.92% from the current price of $51.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Intapp Inc (INTA) Summary page.
