IntappNASDAQ: INTA

Private markets managers will use Intapp DealCloud to enhance client engagement Private markets managers will use Intapp DealCloud to enhance client engagement

AI-powered Intapp DealCloud recognized as one of the best and most innovative CRM solutions AI-powered Intapp DealCloud recognized as one of the best and most innovative CRM solutions

Intapp (INTA) stock has begun to rise and could potentially continue to increase in the short term, supported by strong earnings forecast adjustments.

Intapp (INTA) has been upgraded to a Zacks Rank #2 (Buy), indicating increasing confidence in the company's earnings potential. This could lead to a rise in the stock price in the short run.

On Wall Street, analysts have set an average price target for Intapp (INTA) that suggests a potential increase of 25.3%. Although the reliability of this metric is debated, the upward revisions in earnings estimates could lead to a rise in the stock price.

Intapp, a top global provider of AI-driven solutions for professionals in advisory, capital markets, and legal sectors, revealed that senior management will be participating and presenting at an upcoming investor conference.

In addition to examining Wall Street's revenue and earnings forecasts for Intapp (INTA), consider analyzing projections for certain important metrics to get a better insight into the company's performance in the first quarter of 2024.

Intapp (INTA) has a strong track record of exceeding earnings expectations and is well-positioned to outperform in its upcoming quarterly report.

I have changed my rating for Intapp stock from hold to buy because of its appealing valuation. The recent slowdown in growth reported by INTA in the second quarter of 2024 has led to a decrease in share price. I am confident that INTA can maintain growth above 20% and see the potential of its generative AI offerings as a significant driver of growth.