KeyBanc maintains ServiceTitan stock Overweight with $120 target

Published 10/03/2025, 16:24
KeyBanc maintains ServiceTitan stock Overweight with $120 target

On Monday, KeyBanc Capital Markets maintained its Overweight rating on ServiceTitan (NASDAQ: TTAN), with a price target of $120.00. The stock, currently trading at $84.51, has experienced a challenging start to the year with a 14% decline year-to-date. According to InvestingPro data, analyst targets range from $104 to $125, suggesting potential upside from current levels. KeyBanc analyst Jason Celino provided insights following his attendance at the Flow Expo, a significant plumbing, heating, and cooling trade show held in Pomona, CA, over the weekend. The choice of Saturday for the event highlighted the current high demand and activity levels in the trades industry.

Celino shared observations from discussions with over ten contractors at the expo. He reported a strong and healthy demand in the trades industry, noting that the impact of tariffs was minimal at this time. These conversations at the expo have led Celino to be increasingly positive about ServiceTitan’s market opportunity. He pointed out that many contractors still depend on outdated manual processes for business management, which he sees as an opportunity for ServiceTitan to increase its market share. InvestingPro analysis reveals the company maintains a healthy gross profit margin of 65.5% and forecasts 24% revenue growth for the current fiscal year, though it currently operates with a weak overall financial health score.

The analyst’s commentary suggests that there is significant potential for ServiceTitan to continue growing, especially as the trades industry seems ripe for more advanced and efficient management solutions. With ServiceTitan’s fourth-quarter earnings report scheduled for March 13, Celino anticipates a positive outcome. He expects that the company could potentially outperform expectations and adjust future guidance upward, a scenario often referred to as "beat and raise."

ServiceTitan’s stock rating and price target reaffirmation come at a time when the company is poised to reveal its financial performance. With earnings scheduled for March 13, investors and stakeholders will be watching closely to see if ServiceTitan’s earnings align with KeyBanc’s optimistic forecast and whether the company will indeed capitalize on the opportunities identified by Celino at the Flow Expo. InvestingPro subscribers can access additional insights, including 6 more exclusive ProTips and comprehensive financial metrics to better evaluate the company’s potential ahead of its earnings report.

In other recent news, ServiceTitan reported third-quarter revenue of $199.3 million, marking a 24.6% increase from the previous year. This strong performance led the company to raise its full-year fiscal 2025 revenue guidance to a range of $761.6 million to $763.6 million. The company’s fourth-quarter revenue is expected to fall between $199 million and $201 million, representing a 23.6% year-over-year growth at the midpoint. Analysts from Stifel and KeyBanc have expressed optimism about ServiceTitan’s growth, with Stifel maintaining a Buy rating and KeyBanc an Overweight rating, both with a $120 price target. Goldman Sachs raised its price target to $108, maintaining a Neutral rating, while Citi increased its target to $113, also holding a Neutral stance. The company’s robust financial results and guidance have been attributed to strong subscription growth and successful product offerings like Sales Pro and Contact Center Pro. Despite the positive outlook, some analysts remain cautious, noting ServiceTitan’s higher spending on sales and marketing compared to peers. The company’s significant market opportunity and potential for long-term growth continue to draw attention from investors and analysts alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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