Intapp price target lowered to $35 from $68 at Truist

Core Viewpoint - Truist analyst Terry Tillman has lowered the price target for Intapp (INTA) to $35 from $68 while maintaining a Buy rating after the company's Q2 earnings exceeded expectations but provided a below-consensus outlook [1] Group 1: Earnings Performance - Intapp reported durable fundamentals in Q2, indicating resilience despite market challenges [1] - The company's Q2 earnings beat expectations, showcasing strong performance [1] Group 2: Market Reaction - The analyst noted that the recent 30% drawdown in Intapp's stock price was a "significant overreaction" to the earnings report [1] - The guidance provided by Intapp appears modestly light compared to Street expectations, suggesting potential for recovery [1]