TD Cowen analyst Andrew Sherman has reiterated their bullish stance on TTAN stock, giving a Buy rating on December 3.
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Andrew Sherman has given his Buy rating due to a combination of factors that highlight ServiceTitan, Inc.’s strong performance and growth potential. The company reported a 25% revenue growth, surpassing expectations, driven by both subscription revenues and increased usage, particularly in FinTech. The commercial sector remains robust, and the residential segment is insulated from supplier cycles, ensuring stability.
Furthermore, ServiceTitan’s Pro products are experiencing high demand, particularly in AI-driven solutions like virtual agent calls and demand generation. The company’s valuation is attractive, trading at approximately 7.7x EV/CY27E Sales, which is in line with vertical comparisons but merits a premium due to its mid-20s growth profile and durable market presence. As a result, Sherman reiterates a Buy rating and raises the price target to $160, reflecting confidence in continued strong performance and growth.
In another report released on December 3, Canaccord Genuity also maintained a Buy rating on the stock with a $140.00 price target.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTAN in relation to earlier this year.