William Blair analyst Dylan Becker has reiterated their bullish stance on TTAN stock, giving a Buy rating today.
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Dylan Becker’s rating is based on ServiceTitan’s impressive second-quarter performance, where the company exceeded expectations across all key metrics and raised its full-year guidance. The 26% revenue growth was driven by a balanced mix of residential and commercial trades, alongside sustained operating leverage.
Furthermore, significant momentum was observed in enterprise and commercial customer activities, bolstered by increased adoption of the Pro product and enhanced workflow automation capabilities, which delivered substantial returns on investment for customers. Becker believes that ServiceTitan’s continued strong performance and growth potential highlight the company’s advantageous position in the early stages of digitizing the trades ecosystem, supported by its market-leading platform. This positions ServiceTitan well for sustained double-digit growth and efficient margin leverage over the long term, justifying the Buy rating.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $140.00 price target.