Intapp Stock Is Climbing After Earnings. Here’s What Analysts Are Saying.

The cloud software company beat earnings and revenue expectations for its fiscal fourth quarter. (Dreamstime)

Intapp stock was rising sharply Wednesday after the cloud software company reported better-than-expected earnings and announced $150 million in stock buybacks.

The company, which sells cloud-based solutions to enterprises, posted adjusted earnings of 27 cents a share for its fiscal fourth quarter, beating analysts’ consensus for 23 cents, according to FactSet. Revenue totaled $135 million, up 18% from the prior year and above Wall Street’s forecast of $132.1 million.

Intapp also announced Tuesday that its board authorized a common stock repurchase program of up to $150 million.

Shares were climbing 10% to $40.66 on Wednesday.

The jump was welcome news for shareholders, who have endured a 42% drop in Intapp’s share price this year as of Tuesday’s close. But the strong fourth-quarter print didn’t seem to change many minds on Wall Street.

Intapp reported adjusted operating income of $21.3 million for the quarter, narrowly above consensus estimates, but it was the smallest earnings beat on record, Brian Schwartz of Oppenheimer pointed out in a research note. Meanwhile, the company’s first-quarter forecast of $16 million to $17 million in adjusted operating income missed expectations.

“In our view, Intapp showed good execution in its seasonally strong F4Q,” Schwartz wrote. “Nevertheless, the business growth and margins are [decelerating], and reaccelerating drivers are hard to find.”

Oppenheimer reiterated a Perform rating on the stock.

Others had a more optimistic take on the report. Intapp set a record for net new annual recurring revenue, which grew 20% year over year, noted Alexander Sklar of Raymond James. Sklar sees several drivers for further growth in 2026, including added hiring plans, more substantial cloud-migration activity, and the broader artificial-intelligence narrative.

“We continue to believe Intapp has substantial white space and strong product-market fit as its core end-markets look to modernize,” Sklar argued in a note released late Tuesday.

A spike in after-hours trading Tuesday brought the stock’s valuation into balance, Sklar said. Raymond James reiterated a Market Perform rating on Intapp shares.

There’s no question Intapp bulls have plenty to cheer about, however. Terry Tillman of Truist Securities reiterated a Buy rating for the stock and a $68 price target in a research note, calling out—among other things—the company’s partnerships with much larger tech players.

Intapp’s partnerships, particularly one with Microsoft , continue to help secure bookings and “drive substantial upmarket traction,” Tillman said. In the most recent print, the company highlighted an expanded relationship with Snowflake and a partnership with MSCI. Partners were involved in 17 of the company’s 20 largest deals last quarter, Truist pointed out.

“We believe the company can sustain better-than-average SaaS revenue growth (expected to stay above 20% in FY26) while expanding profits and cash flow at a strong pace,” Tillman wrote. “We continue to believe that Intapp can perform well as a stock either through continued execution of a profitable growth strategy and/or as potential attractive buyout candidate.”

Write to Nate Wolf at nate.wolf@barrons.com