ServiceTitan price target lowered to $110 from $120 at Stifel

Stifel analyst J. Parker Lane lowered the firm’s price target on ServiceTitan (TTAN) to $110 from $120 and keeps a Buy rating on the shares. Following a “strong beat coupled with guidance initiated ahead of Street,” the firm says the “stars aligned” in Q4 to a degree, with linearity contributing to revenue and weather benefiting gross transaction volume. However, quarter-over-quarter acceleration was “impressive even excluding the fortunate circumstances,” the analyst added.