Intapp, Inc (INTA) PT Raised to $43 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the price target on Intapp, Inc (NASDAQ: INTA) to $43.00 (from $38.00) while maintaining an Overweight rating.

The analyst commented, "Intapp posted good 4Q results and robust FY22 guidance. The overall print was above expectations, which will likely drive the stock higher. Broad based growth, 50+ new organic logo adds, and pipeline of new/prospective clients support our view that Intapp should be able to sustain double digit growth. We expect Intapp to continue taking share given its purpose built/domain specific SaaS offering for the professional/financial services market (which have distinctive needs, given business models); further, we expect improved demand in the near term given elevated brand awareness from its public offering (and its targeted market). We are thereby raising our PT to $43."

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