Piper Sandler raised the firm’s price target on ServiceTitan (TTAN) to $150 from $125 and keeps an Overweight rating on the shares. The firm cites higher estimates factoring in hot summer seasonality that gives Piper an upward bias to Q2 estimates given a variable usage revenue mix of 22%-23%, increasing confidence in secular tailwinds on higher attach-rates and climate change, and underappreciated AI platform potential to drive end-to-end automations via higher priced Pro SKUs.
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