Loop Capital raised the firm’s price target on ServiceTitan (TTAN) to $100 from $90 and keeps a Hold rating on the shares. The company continues to enjoy strong business momentum driven by its highly successful product-led growth strategy targeted at a highly fragmented market that is currently undergoing a rapid consolidation, the analyst tells investors in a research note. ServiceTitan continues to increase its take-rate through new product introductions and expansion into new trades and commercial markets, the firm added.
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