Intapp (INTA: NASDAQ)

Intapp (INTA) is making significant strides in the AI-powered solutions market, particularly through its partnership with Monarch. This collaboration is expected to improve operational efficiency and expand customer reach. Intapp’s focus on AI investments positions the company for a competitive advantage, especially as it continues to integrate these technologies into its services.

CEO John Hall emphasized the strategic importance of AI for the company, noting fiscal 2024 as a strong year for AI adoption. Intapp’s Q2 revenue of $114 million, a 21% year-over-year increase, surpassed analyst expectations, reinforcing the company’s growth trajectory.

We are bullish on INTA above $40.00-$41.00, with an upside target of $62.00-$63.00.

Construction Partners (ROAD: NASDAQ)

Construction Partners (ROAD) continues to grow its presence in the southern U.S. with the recent acquisition of John G. Walton Construction Company, adding a hot-mix asphalt plant and equipment in the Mobile, Alabama area. This strategic move bolsters the company’s footprint in Alabama’s largest markets and aligns with its broader expansion strategy. CEO Fred Smith III is confident this acquisition will generate strong synergies, enhancing the company’s operational capabilities in a rapidly growing region.

Institutional investors like Dimensional Fund Advisors and Vanguard have also been increasing their stakes, indicating strong confidence in the company’s future growth.

We are bullish on ROAD above $58.00-$59.00, with an upside target of $85.00-$86.00.

Bitcoin (BTCUSD)

This week, Bitcoin’s technical picture continues to improve, with the most bullish feature being its ability to hold support in the $50,000-$55,000 zone. As long as Bitcoin remains above this range, the risk-reward scenario favors an upward move. The key resistance zone is still in the $60,000-$62,000 range. If Bitcoin breaks through this level, a quick surge to the $70,000-$72,000 zone is expected, and further gains could follow if that level is breached.

Bitcoin remains critical to watch, often referred to as the “Dow of Cryptos,” as its movements tend to lead the broader crypto market. The extended range within its descending price channel suggests that a major move could be on the horizon.