Intapp downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Intapp (INTA) to Market Perform from Outperform without a price target The firm repositioned several ratings throughout the application software sector at the start of 2025. The analyst cites valuation for the downgrade of Intapp with shares up 69% in 2024. Raymond James see as a more balanced risk/reward at current valuations, but “continues to see number of promising drivers” supporting Intapp’s durable growth profile.