ServiceTitan price target lowered to $100 from $130 at Truist

Truist lowered the firm’s price target on ServiceTitan (TTAN) to $100 from $130 and keeps a Buy rating on the shares after its Q4 results. The firm is constructive on ServiceTitan’s Q4 performance that included upside to its estimates across gross transaction volume, platform revenue, profits, and cash flows, the analyst tells investors in a research note. Truist adds that while gross transaction volume from existing customers faced temporary pressure from weather and one fewer business day, the company’s underlying strength remains intact.