Intapp price target raised to $34 from $26 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the firm’s price target on Intapp to $34 from $26 and keeps an Overweight rating on the shares. The company delivered Q2 results well above expectations and raised full year guidance for the second time this fiscal year, the analyst tells investors in a research note. The company remains on track to deliver its first fiscal year of positive adjusted EBITDA, and its multiple should further expand, Piper contends.