UPDATE: Stifel Assumes Intapp, Inc (INTA) at Buy

(Updated - January 18, 2022 5:04 AM EST)

Stifel analyst J. Parker Lane assumes coverage on Intapp, Inc (NASDAQ: INTA) with a Buy rating and a price target of $44.00.

The analyst comments "Intapp has established itself as the leading connected firm management platform for the professional and financial services industries. Nearly 2,000 customers have turned to Intapp's platform as their system of record, and we believe the market is ripe for disruption as organizations embrace the value of a vertically-specific tools over more horizontal CRM platforms and other disparate solutions. The company is also in the midst of a cloud transition, driven by organic development and the acquisitions of DealCloud and OnePlace in 2018 and 2019 respectively, and roughly 55% of ARR is derived from cloud solutions today. Intapp is poised for sustainable subscription revenue growth in our view, driven by new logo wins, healthy expansion activity within the base, and cloud migration."

For an analyst ratings summary and ratings history on Intapp, Inc click here. For more ratings news on Intapp, Inc click here.

Shares of Intapp, Inc closed at $21.91 yesterday.

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