Morgan Stanley upgraded ServiceTitan (TTAN) to Overweight from Equal Weight with a price target of $131, up from $125. The firm says its areas of prior caution, namely ServiceTitan’s valuation, commercial ramp, and go-to-market efficiency “have turned to a positive inflection point.” The analyst cites increased conviction in the company’s fundamentals and execution for the upgrade. Morgan Stanley named ServiceTitan its new sector top pick in place of Toast (TOST).
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