Intapp Inc Surpasses Analyst Target Price: What’s Next for Investors?
In recent trading, shares of Intapp Inc (Symbol: INTA) have crossed above the average analyst 12-month target price of $66.33, changing hands for $68.00/share. When a stock reaches the target set by analysts, they typically have two options: downgrade the stock’s valuation or raise their target price. Analysts’ decisions often depend on recent business developments that may have driven the stock price higher—if the outlook is positive, it could be time for a revised target price.
Varying Analyst Opinions on Intapp Inc
There are nine different analyst targets contributing to the average for Intapp Inc, illustrating a range of opinions within the Zacks coverage universe. This average is simply a mathematical median, with some analysts setting lower targets, such as one forecasting a price of $48.00, while another has set a target as high as $87.00. The standard deviation among these predictions is $13.583.
Understanding the Analysts’ Consensus
The reason to examine the average price target is to consider the collective insight of multiple analysts rather than relying on an individual point of view. With INTA now trading above the average target price of $66.33/share, this situation compels investors to evaluate the company’s prospects: Is $66.33 merely a stepping stone to an even higher target, or has the valuation reached a point where it’s prudent to consider selling some shares? Below is a summary table showing the current ratings of analysts covering Intapp Inc:
| Recent INTA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 7 | 7 | 8 | 9 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.5 | 1.5 | 1.45 | 1.27 |
The average rating presented in the last row of the table ranges from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Strong Sell. This information comes from data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on INTA, it’s available for free.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
