ServiceTitan, Inc. Class A: Hold Rating Amid Premium Valuation and High Investor Expectations

Analyst Josh Baer from Morgan Stanley maintained a Hold rating on ServiceTitan, Inc. Class A (TTAN – Research Report) and keeping the price target at $107.00.

Josh Baer has given his Hold rating due to a combination of factors including the current premium valuation of ServiceTitan, Inc. Class A’s stock and the elevated expectations from investors. The company’s recent performance has been strong, with notable acceleration and momentum, but the guidance for FY26 suggests a deceleration, which may be perceived as conservative.
The upcoming lock-up expiration and the high bar set for Q1 performance compared to Q4 add complexity to the stock’s outlook. While there is potential for meaningful upside, the buy-side expectations are already high, and any miss in expectations could pressure the shares. Despite these challenges, ServiceTitan remains a unique growth asset with strong competitive differentiation and market leadership, making it an attractive long-term investment if a pull-back occurs.