Artificial intelligence (AI) stock Intapp Inc (NASDAQ:INTA) was last seen up 11.1% at $41.02 today, after the company posted better-than-expected fiscal fourth-quarter results and lifted its full-year revenue forecast with help from growing cloud revenue. Separately, the software name announced a $150 million share repurchase program.
Before today's rebound, INTA had been plummeting since mid-June, marking its ninth consecutive weekly loss this past Friday. Far removed from its Feb. 14 record high of $77.74, the shares are still down 36.4% year to date.
UBS cut its price target to $72 from $83 after the event, while Barclays upped its price target to $47 from $44. Analysts are split on the equity, with five carrying a "strong buy" and five a "hold" or worse, though the 12-month consensus price target of $61.43 still sits at a hefty premium to current levels.
Intapp stock, which typically isn't a target of options traders, has already seen eight times its usual daily options volume. The August 45 call is the most popular, with new positions opening there.
