Intapp stock formed a high handle after breaking out of a cup base and is near the handle's buy point of 46.58, according to IBD MarketSurge. Shares gapped up above the 50-day moving average and rallied before breaking out from the first-stage cup-without-handle base in late August. Though the AI stock has pulled back after the strong rally, the higher buy point provides an entry.
Sales and earnings growth has been steady over the past eight quarters. Sales grew 21% to $114.4 million while earnings per share of 15 cents grew 275% from 4 cents in the prior year.
For the first quarter, the company gave a sales outlook of $117.7 million with earnings of 13 cents per share at the midpoint. For the full year, midpoint guidance suggests EPS of 61 cents on sales of 495 million. Analysts polled by FactSet estimate that profits will rise 38% in 2025 with earnings per share of 62 cents.
AI Stock Partners With Microsoft
Intapp provides software for the financial services industry through a cloud platform that has AI capabilities. The company has partnered with Microsoft and supports business functions ranging from customer relationship management to fundraising and business development.
The software stock has a perfect Composite Rating of 99. The EPS Rating of 81 is just above the threshold of 80, while the Relative Strength Rating is 90. Intapp ranks first in the financial software group, which holds 15th place among Investors' Business Daily's 197 industry groups.
Strong interest from mutual funds has been lifting the AI stock. The Accumulation/Distribution Rating of A- shows funds have been loading up in the most recent thirteen weeks. The Up/Down Volume Ratio of 1.8 also indicates strong demand in the past 50 trading days.
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