Intapp: Misunderstood Quarter, The Dip Is A Great Time To 'Buy'

Impact · against what's priced in

The report provides no material catalyst for Microsoft, as the partnership with Intapp is a minor detail relative to Azure's scale. For Intapp, the current sell-off represents a valuation reset following guidance concerns, though the long-term AI narrative remains intact.

MSFT+0.00

Doesn't touch the price's assumptions

In context

The mention of a partnership with Intapp is immaterial to the revenue growth targets for Azure or M365 that drive the stock price.

What MSFT's price assumes · Sep 21

• earnings▲15%
• guidance▲<1%
• ai
• valuation
• MSFT
• INTA
• cloud
• software