Intapp price target raised to $75 from $58 at JPMorgan

JPMorgan raised the firm’s price target on Intapp (INTA) to $75 from $58 and keeps an Overweight rating on the shares. The firm says vertical software-as-a-service companies continue to take share from “outdated homegrown solutions and horizontal SaaS competitors.” Looking into 2025, the analyst maintains a preference for companies “with strong competitive moats” like Guidewire Software (GWRE) and Tyler Technologies (TYL). The “massive premium” of vertical SaaS companies versus the broader SaaS sector is justified with a sustainable revenue and earnings growth outlook, the analyst tells investors in a research note.