ServiceTitan price target lowered to $100 from $120 at Piper Sandler

Piper Sandler lowered the firm’s price target on ServiceTitan (TTAN) to $100 from $120 and keeps an Overweight rating on the shares. The firm says 2026 “has been rough for enterprise software.” As the frontier model providers “move up the stack” and compete with incumbents for IT budgets, investors are reassessing terminal multiples, the analyst tells investors in a research note. Piper lowered multiples in the group ahead of Q1 earnings and downgraded three names