BTIG lowered the firm’s price target on Intapp to $50 from $55 and keeps a Buy rating on the shares. The company’s strong Q3 results set the foundation for expansion deals, with Intapp’s newer Applied AI strategy, especially with Gen-AI and Co-Pilot offerings, expected to generate growth, the analyst tells investors in a research note. The firm adds however that its price target cut reflects contracting multiples in the small cap software group.
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