Intapp price target raised to $77 from $55 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Intapp (INTA) to $77 from $55 and keeps a Buy rating on the shares. The firm is updating its model to align with the company’s recently updated revenue segmentation across SaaS revenue, license revenue and professional services revenue while also rolling forward its valuation framework by a year to FY26 estimates, the analyst tells investors in a research note. Intapp can continue to at least modestly beat and raise estimates, and the stock’s 10.5-times enterprise value to expected FY26 sales multiple is “not unreasonable”, Truist added.