Loop Capital raises ServiceTitan stock price target to $100

On Friday, Loop Capital analysts increased the price target for ServiceTitan stock (NASDAQ: TTAN) to $100 from $90, while maintaining a Hold rating. Currently trading at $114.55 with a market capitalization of $10.26 billion, the stock sits within a broader analyst target range of $90-$145. The analysts noted strong business momentum for ServiceTitan, driven by a successful product-led growth strategy amidst a rapidly consolidating market. The company reported a 29% year-over-year growth in subscription revenue, marking its second-best quarter in six quarters. According to InvestingPro, the stock has shown strong returns over the past three months.

ServiceTitan’s expansion into new trades, such as roofing and commercial markets, has contributed to its solid revenue growth, with overall revenue growing 25.78% and maintaining a healthy gross margin of 66.59%. Despite a modest year-over-year headwind due to fewer days in the quarter, the company increased its fiscal year 2026 revenue guidance by $15 million, surpassing its first-quarter guidance by more than $8 million.

The company provided conservative second-quarter revenue guidance, a standard practice due to potential variability in revenue driven by Gross Transaction (JO:NTUJ) Value (GTV). ServiceTitan is entering its seasonally strong second quarter, with expectations for strong bookings, new business, and renewals.

ServiceTitan is positioned as a leading platform for automating business operations in the trade industry, which includes plumbing, HVAC, and electrical trades. The industry is experiencing a significant transformation, with increasing demand for modern software solutions. The consolidation wave across trades presents a major opportunity for efficiency gains through scale, benefiting companies like ServiceTitan. While InvestingPro analysis suggests the stock is currently trading above its Fair Value, subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ServiceTitan’s growth trajectory and market position.

In other recent news, ServiceTitan reported strong financial performance for the first quarter, with total revenue increasing by 27% year-over-year to $215.7 million. The company also saw a 29% rise in subscription revenue, reaching $162.7 million. ServiceTitan’s operating margin improved to 7.5%, reflecting significant profitability gains. Both KeyBanc and Needham analysts have maintained positive ratings for ServiceTitan, with price targets set at $140.00, highlighting confidence in the company’s financial results and future prospects. Meanwhile, Goldman Sachs has reiterated a Neutral rating with a $110 price target, noting the company’s successful expansion efforts despite a slowdown in subscription and usage revenue growth. ServiceTitan has launched four major strategic accounts, tapping into a $360 billion commercial opportunity, and has secured a significant contract with a large residential roofing business. Strategic partnerships with companies like GAF and EagleView are seen as crucial for ServiceTitan’s growth in the vertical SaaS market, valued at $30 billion.

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