Intapp price target lowered to $35 from $68 at Truist
Truist analyst Terry Tillman lowered the firm’s price target on Intapp (INTA) to $35 from $68 and keeps a Buy rating on the shares after its Q2 earnings beat and below-consensus outlook. The company showed durable fundamentals in Q2 despite an “overdone selloff”, the analyst tells investors in a research note. The guide appears modestly light vs. Street expectations, but the 30% drawdown was a “significant overreaction”, the firm added.
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