ServiceTitan price target lowered to $92 from $108 at BMO Capital

BMO Capital analyst Daniel Jester lowered the firm’s price target on ServiceTitan (TTAN) to $92 from $108 and keeps an Outperform rating on the shares. The company’s Q4 results were generally solid, driving growth upside slightly above the firm’s expectations despite weather headwinds, the analyst tells investors in a research note. ServiceTitan is facing investor scrutiny on its durability of growth, similar to its peers across software, but the management is addressing this with the ramp of the MAX program to drive “wall-to-wall automation” for trades customers.