Analyst Scott Berg of Needham maintained a Buy rating on ServiceTitan, Inc. Class A, retaining the price target of $140.00.
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Scott Berg has given his Buy rating due to a combination of factors contributing to ServiceTitan, Inc. Class A’s strong performance. The company has consistently exceeded market expectations, with revenue and operating income surpassing consensus estimates. This success is largely driven by robust performance across various segments, particularly in the Commercial sector.
Furthermore, concerns about growth in Gross Transaction Value (GTV) and usage have proven to be unfounded, as these metrics have shown accelerated growth quarter over quarter. The company’s ability to secure significant enterprise deals, expand its range of Pro modules, and increase its presence in the Commercial market are seen as key drivers of sustainable growth. Additionally, product innovation continues to enhance monetization opportunities, positioning ServiceTitan to effectively capitalize on emerging market segments. Despite conservative guidance for fiscal year 2026, the company has raised its outlook, reflecting confidence in its ongoing growth trajectory.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $160.00 price target.