Piper Sandler lowered the firm’s price target on ServiceTitan (TTAN) to $140 from $155 and keeps an Overweight rating on the shares. The firm notes the company posted another quarter of healthy 25% year-over-year revenue growth on an $11M beat to the midpoint guide, driven by continued commercial and Pro product growth and usage revenue upside from strong GTV results and greater-than-expected fintech attach. Piper sees upside to conservative Q4 growth guidance that implies further deceleration to 17% year-over-year in Q4, based on a robust demand environment and encouraging process across key growth vectors.
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