ServiceTitan price target lowered to $108 from $125 at BMO Capital

BMO Capital lowered the firm’s price target on ServiceTitan (TTAN) to $108 from $125 to reflect lower valuation comps but keeps an Outperform rating on the shares ahead of its Q4 results next week. Debate has shifted to the terminal growth outlook and durability of the market opportunity as Generative AI tools scale, but the firm believes that ServiceTitan products span the gamut in terms of relative insulation from these trends, and evidence of acceleration from recent announcements to bolster the power of the platform to drive automation could help counter some of these worries, the analyst tells investors in a research note.