Intapp (INTA) is back in focus after reporting fiscal second quarter earnings that topped analyst expectations, along with a new US$200 million share repurchase plan and fresh AI driven client partnerships.

Despite the solid earnings beat, new guidance and AI focused partnerships, Intapp’s momentum has cooled, with a 30 day share price return of 47.37% decline and a 1 year total shareholder return of 66.62% decline highlighting how sentiment has weakened.

If Intapp’s AI story has you looking across the sector, this is a good moment to scan our list of 56 profitable AI stocks that aren't just burning cash as a starting point for further ideas.

With the share price under pressure despite an earnings beat, new revenue guidance and another US$200 million buyback plan, is Intapp now trading below what its AI and cloud story might justify, or is the market already pricing in future growth?

Most Popular Narrative: 58.7% Undervalued

Intapp’s most followed narrative sees fair value at $57.88, well above the last close at $23.92, framing a wide gap between story and share price.

Intapp's recent investments in AI capabilities, including the launch of Intapp DealCloud Activator and the transformed Intapp Time product, are designed to drive client engagement and operational efficiencies. These developments are expected to bolster revenue by enhancing product appeal and encouraging cloud adoption among existing and potential clients.

Curious what kind of revenue path and margin profile could support that higher fair value, and how rich the future earnings multiple needs to be to get there? The full narrative lays out a detailed set of growth, profitability and valuation assumptions that sit behind that $57.88 figure.

Result: Fair Value of $57.88 (UNDERVALUED)

However, there are still real watchpoints, including the risk that AI and cloud products fail to stand out, or that partner driven delivery crimps margins instead of lifting them.

Build Your Own Intapp Narrative

If you see the story differently or prefer to rely on your own research, you can create a custom Intapp view in just a few minutes, Do it your way.

A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding Intapp.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.