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Intapp downgraded to Market Perform from Outperform at Raymond James

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.

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