Intapp Inc. Surpasses Analyst Price Target—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 $56.55, changing hands for $57.89/share. When a stock reaches its targeted price, analysts typically have two options: either downgrade the stock due to overvaluation or increase their target price. Reactions may be influenced by positive developments within the company that could justify a higher price.
There are 9 different analyst targets contributing to that average for Intapp Inc. However, these targets vary significantly; one analyst projects a price as low as $48.00, while another foresees a high of $63.00. The standard deviation among these figures is $5.002, highlighting the differing opinions on Intapp’s stock value.
The purpose of analyzing the average target price is to leverage the collective insights of several analysts, rather than relying on a single expert’s opinion. With INTA now exceeding the average target price of $56.55/share, investors are prompted to reassess: is this merely a step toward a higher target, or is it time to consider selling some shares if the stock appears overvalued? Below is a summary of the current analyst perspectives on Intapp Inc:
| Recent INTA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 7 | 8 | 9 | 9 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.5 | 1.45 | 1.27 | 1.27 |
The average rating presented in the last row of the table above is scored on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Strong Sell. This article utilized data provided by Zacks Investment Research via Quandl.com.
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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.
