This Beaten-Down AI Stock Just Landed a Major OpenAI Partnership

Intapp (INTA) just moved deeper into the artificial intelligence (AI) race, and this time it has OpenAI on its side. The software company announced that its Celeste AI plug-in is now available for ChatGPT Enterprise, giving law firms a way to access firm-specific data, workflows, and relationship intelligence inside ChatGPT while maintaining existing permissions and ethical walls.                                                                               

The news initially lifted sentiment around INTA, with shares gaining 4% immediately following the announcement.

INTA Stock Has Had a Rough 2026                                               

The OpenAI announcement comes amid a difficult year for investors. INTA finished 2025 at $45 per share and recently traded around $36, putting the stock roughly 20% lower year to date. It also remains well below its 52-week high of $47.93, while the 52-week low stands at $19.01.

Much of the pressure reflects Intapp's transition to cloud and AI. The company continues to shift customers away from legacy deployments, creating a period when subscription growth must offset declines elsewhere. The encouraging part is that cloud metrics are moving in the right direction.

Valuation is still a key question. At about 5 times trailing sales, Intapp does not look inexpensive compared with many application-software companies. The stock carries a price-to-sales ratio above 3.5 times, while the earnings-based valuation remains difficult to use because the company is still reporting losses.

That premium only makes sense if Intapp can keep converting its cloud platform and AI products into faster growth and stronger profitability. For instance, management is guiding for fiscal 2027 revenue between $656.5 million and $660.5 million and earnings per share (EPS) of $1.58 to $1.62. Subscription revenue is expected to reach $528.7 million to $532.7 million.

OpenAI Could Change the Intapp Growth Story

The recent partnership really matters because Intapp is targeting the business side of law rather than simply trying to automate legal research or document drafting.

Celeste has the ability to utilize specific information from a firm, including onboarding, conflict, billing, business development intelligence, and relationship knowledge. The plug-in is also designed to abide by a firm's confidentiality rules, ethical walls, and user entitlements. It's essential for entities in highly regulated industries that cannot simply plug an AI model into their internal data.

The Latest Quarter Delivered a Solid Beat

Intapp's fiscal fourth quarter was stronger than analysts expected. Net revenue reached $152.5 million, beating the $149.5 million consensus estimate, while adjusted EPS came in at $0.41 versus expectations of $0.36. That represented a 13.9% EPS beat and a 2.1% revenue beat.

SaaS revenue increased 27% year over year to $115 million, while cloud ARR climbed 29% to $495.7 million. Intapp also generated $146.8 million of operating cash flow for fiscal 2026 and ended June with $162.8 million in cash.

Beyond delivering solid financials, Intapp is also expanding other partnerships. On Aug. 25, the company partnered with Legora to bring Intapp Walls for AI governance to the platform and integrate AI-driven time capture. Then, on Sept. 9, Intapp launched its Profitability Network with six partners, connecting workflows from pricing and staffing through time capture, billing, and collections.

What Analysts Are Saying About INTA Stock

Wall Street remains moderately bullish on INTA Stock. Barchart currently shows a “Hold” consensus based on 10 analysts, down from a “Moderate Buy” consensus in earlier months.

The latest analyst picture remains divided. A current aggregation shows four “Strong Buy” ratings, five “Hold” ratings, and one “Strong Sell,” with an average price target of $40.28, implying moderate upside from the current price.

On the date of publication, Nauman Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.