As we approach February 15, 2024, the evaluation of Intapp (NASDAQ:INTA) by four analysts has revealed a noteworthy shift in sentiment over the past three months. Initially, there were three bullish ratings, indicating optimism towards the company’s prospects. However, within the last 30 days, this sentiment has slightly changed, with only one analyst maintaining a somewhat bullish rating. This shift highlights a change in analyst sentiment towards Intapp.
In light of these developments, the analysts have recently updated their 12-month price targets for Intapp. The average target now stands at $49.5, with a high estimate of $57.00 and a low estimate of $47.00. This represents a 10.0% increase from the previous average price target of $45.00.
To better understand the changes in analyst ratings and price targets, let’s examine the following table:
Time Frame | Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish
Total Ratings | 3 | 1 | 0 | 0 | 0
Last 30D | 0 | 1 | 0 | 0 | 0
1M Ago | 3 | 0 | 0 | 0 | 0
2M Ago | 0 | 0 | 0 | 0 | 0
3M Ago | 0 | 0 | 0 | 0 | 0
Examining the recent actions and adjustments made by analysts, we find that Saket Kalia from Barclays has raised the rating to Overweight, with a current price target of $47.00, up from $44.00. Similarly, Tom Roderick from Stifel has raised the rating to Buy, with a current price target of $47.00, up from $45.00. Terry Tillman from Truist Securities has also raised the rating to Buy, with a current price target of $47.00, up from $46.00. Lastly, Steven Enders from Citigroup announced a Buy rating with a current price target of $57.00.
These adjustments in ratings and price targets reflect the analysts’ responses to changing market dynamics and the performance of Intapp. By considering these changes, we gain valuable insights into the analysts’ perspectives on the current state of Intapp.
INTA Stock Shows Positive Momentum with Strong Start on February 15, 2024
On February 15, 2024, INTA stock showed positive momentum as it traded in the middle of its 52-week range and above its 200-day simple moving average. The stock opened at $42.35, which was $0.52 higher than its previous close. This price increase of $0.65 represented a rise of 1.54%. INTA’s position in the middle of its 52-week range indicates that the stock has been relatively stable over the past year, neither reaching its highest nor its lowest point. Furthermore, the fact that INTA is trading above its 200-day simple moving average is another positive indicator. The opening price of $42.35 indicates a strong start for INTA on February 15, 2024. The price increase of $0.65, or 1.54%, since the market last closed further reinforces the positive momentum of INTA stock on this day. It is important to note that the information provided is based on data from CNN Money, a reputable source for financial news and analysis. However, investors should conduct their own research and analysis before making any investment decisions. In conclusion, on February 15, 2024, INTA stock demonstrated positive momentum as it traded in the middle of its 52-week range and above its 200-day simple moving average. The stock opened at $42.35, which was $0.52 higher than its previous close, and experienced a price increase of $0.65, or 1.54%.
INTA Stock Shows Promising Performance with Growth in Revenue, Net Income, and EPS
On February 15, 2024, INTA stock demonstrated promising performance, showcasing positive growth in key financial indicators. According to data sourced from CNN Money, the company’s total revenue for the past year stood at $350.87 million, with a quarterly revenue of $103.93 million. Comparing these figures with the previous year, INTA witnessed a substantial increase in total revenue, with a growth rate of 28.96%. However, the company’s revenue remained relatively flat since the previous quarter. The net income for the past year was reported as -$69.42 million, with a quarterly net income of -$9.21 million. Despite these figures showing negative values, there has been a notable improvement in net income since the previous year, with a growth rate of 30.35%. Additionally, the company experienced a significant increase in net income since the previous quarter, with a growth rate of 39.87%. Earnings per share (EPS) is another crucial metric to evaluate a company’s financial performance. INTA reported an EPS of -$1.08 for the past year, which improved by 33.63% compared to the previous year. Similarly, the company’s EPS increased by 41.22% since the previous quarter, with a value of -$0.13. Overall, INTA stock demonstrated promising performance on February 15, 2024. The company experienced substantial growth in total revenue, net income, and earnings per share since the previous year. While the revenue remained flat since the previous quarter, the positive growth in net income and EPS indicates that INTA is making strides towards financial stability and profitability. Investors may find INTA stock an attractive option based on these positive trends.
