ServiceTitan price target lowered to $115 from $129 at BMO Capital

BMO Capital lowered the firm’s price target on ServiceTitan (TTAN) to $115 from $129 but keeps an Outperform rating on the shares. Worries about volumes in key trades and weather-related demand dominated conversations intra-quarter as shares underperformed, but the firm’s reading of recent data suggests trends were more stable than weaker in Q3, the analyst tells investors in a research note. BMO adds that it remains positive on the medium-term drivers of opportunity for ServiceTitan, such as expanding in commercial, new trades, and new functionality, including AI.