ServiceTitan (TTAN) PT Lowered to $125 at Stifel

Stifel analyst Parker Lane lowered the price target on ServiceTitan (NASDAQ: TTAN) to $125.00 (from $145.00) while maintaining a Buy rating.

The analyst comments "ServiceTitan delivered a thinner beat than the last two quarters, but an otherwise clean print across all metrics. The initial guide for FY27 appears conservative to us, as we believe the company sits in front of a significant opportunity in Commercial, newer trades, and expansion, driven by incremental adoption of pro products. Notably, the company highlighted significant interest around and the expansion of its MAX program following encouraging early results, with subscription revenue contributions from MAX cohorts expected to double. We continue to believe the company is well positioned to drive durable growth and is at the forefront of AI/ Agents for its end-markets. As such, we maintain our Buy rating, but are reducing our target price to $125 on TTAN shares to reflect multiple compression across the group."

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