In a report released today, Scott Berg from Needham assigned a Buy rating on ServiceTitan, Inc. Class A, with a price target of $100.00.
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Scott Berg has given his Buy rating due to a combination of factors, including ServiceTitan’s ability to post resilient results despite a weather-related headwind and a challenging year-over-year comparison. He highlights that core growth engines, such as expanding AI modules and the more mature commercial platform, are gaining traction, with encouraging early feedback on the new Max AI initiative even as it scales.
He also points to a meaningful increase in the company’s usage-based monetization, supported by growing fintech adoption and the ramp of its contact center product, which enhances long-term revenue visibility. In addition, initial FY27 guidance that sits ahead of consensus for both revenue and operating margins, along with only modest near-term growth adjustments, underpins his confidence that ServiceTitan can sustain roughly 20% annual revenue growth, justifying a Buy recommendation.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $120.00 price target.