Piper Sandler Reiterates Overweight Rating on ServiceTitan (TTAN)
Piper Sandler analyst Billy Fitzsimmons reiterated an Overweight rating and $100.00 price target on ServiceTitan (NASDAQ: TTAN).
The analyst commented: "Mgmt guided F1Q rev mdpt to +18.7% y/y and we see a path to low-20%s growth. We believe the key incremental growth drivers are the Max program, Voice Agents, commercial, and roofing. Though we lack April data, HARDI (Heating, Air-conditioning & Refrigeration Distributors International) rev inflected to +10.4% in March after a downtrend from midCY25 to Jan 2026. We see this as a decent proxy for TTAN's GTV trends. We continue to get pushback on valuation, but think AI tool adoption within TTAN and the new CTO could start to drive efficiencies that could lead to better op leverage LT. We think TTAN's exposure to the trades continues to make it one of the better stories in enterprise software."
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Shares of ServiceTitan closed at $63.29 yesterday.
