Evaluating Intapp (INTA) After Celeste AI Platform Launch And New Anthropic And Harvey Partnerships

Intapp (INTA) has put agentic AI at the center of its story, launching the new Celeste platform and deepening collaborations with Anthropic’s Claude and Harvey to target tightly governed professional services workflows.

See our latest analysis for Intapp.

The recent product and partnership announcements have come alongside a sharp rebound in the share price, with an 11.5% 1 day share price return and 22.6% 7 day share price return. However, this follows a 42.1% 90 day share price decline and a 58.7% 1 year total shareholder return loss, so near term momentum is improving while longer term holders are still facing significant drawdowns.

If Intapp’s AI push has caught your attention, this could be a good moment to see what else is emerging in the space with our screener of 30 AI small caps.

With Intapp trading at US$26.14, sitting at a reported 46% intrinsic discount and 57% below the average analyst target, you have to ask yourself: is this an overlooked AI platform, or is the market already discounting its future growth?

Most Popular Narrative: 54.8% Undervalued

At a last close of $26.14 against a most-followed fair value estimate of $57.88, Intapp’s narrative leans heavily toward a discounted AI and cloud story.

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.

Read the complete narrative.

Want to see what this valuation is really built on? Revenue assumptions, margin shifts and a future profit profile sit at the core. The full narrative joins these pieces into one detailed earnings path and a rich end state multiple. The exact mix of growth, profitability and required return might surprise you.

Result: Fair Value of $57.88 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this story can change quickly if partner led delivery squeezes margins, or if the shift from on premise licenses to cloud subscriptions stalls revenue progress.

Find out about the key risks to this Intapp narrative.

Another Angle On Valuation

The SWS DCF model suggests Intapp, at $26.14, is trading below an estimated fair value of $48.59, which also flags the shares as undervalued. With one model pointing to $57.88 and another to $48.59, which set of assumptions feels more realistic to you?

Look into how the SWS DCF model arrives at its fair value.

Next Steps

If this mix of discounted valuations and AI potential feels compelling, do not wait for consensus to form. Run the numbers yourself and weigh the upside. To see what the market is already optimistic about, take a look at our breakdown of 2 key rewards.

Looking for more investment ideas?

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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.

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