Intapp price target lowered to $45 from $47 at Stifel

Stifel lowered the firm’s price target on Intapp to $45 from $47 and keeps a Buy rating on the shares. Intapp is set to report fiscal Q3 results in the coming weeks coming off of its first analyst day as a public company during the quarter, notes the analyst, who points out that shares have come under pressure year-to-date despite what the firm views as a “solid” Q2 report and an investor day that “didn’t bring many surprises.” While AI is unlikely to be a big needle mover in the short-term, the firm believes the company is “laying the groundwork for continued expansion within its base,” the analyst added.