Piper Sandler maintains Overweight on ServiceTitan stock

Wednesday, Piper Sandler reaffirmed a positive stance on ServiceTitan (NASDAQ:TTAN) shares, maintaining an Overweight rating and a $125.00 price target. The firm’s analysts highlighted the company’s resilience to policy and tariff changes due to its primarily U.S.-based customer base and the recession-resistant nature of its market. According to InvestingPro data, the stock is currently trading at $120.59, near its 52-week high of $123.48, with technical indicators suggesting overbought conditions.

ServiceTitan, which serves trades such as HVAC and plumbing, has seen its shares climb by 17.23% year-to-date, outperforming other stocks covered by Piper Sandler. The analysts noted that while ServiceTitan’s stock is nearing their price target, there is potential for further growth, citing a bull-case scenario with a possible rise to $165. InvestingPro analysis indicates the stock is trading above its Fair Value, with 10+ additional technical and fundamental insights available to subscribers.

The company’s market position is strengthened by the essential nature of its services, which often involve urgent repairs and maintenance, known as the break-fix market. This sector tends to be less sensitive to economic downturns, which can benefit ServiceTitan’s performance even in challenging times. The company maintains a healthy financial position with a strong current ratio of 3.74 and operates with moderate debt levels, though it reported a net loss in the last twelve months.

The expansion of ServiceTitan’s multiple this year is partially attributed to the robustness of its business model. The analysts’ confidence in the stock is reflected by the steady price target, suggesting they believe the company’s shares still possess upside potential despite the recent gains.

In summary, Piper Sandler’s analysis suggests that ServiceTitan’s stock may continue to perform well, supported by solid industry fundamentals and a market that is less affected by broader economic policy shifts. The firm’s reiteration of the Overweight rating and $125 price target underscores their belief in the company’s ongoing growth trajectory.

In other recent news, ServiceTitan has reported impressive fourth-quarter results, exceeding expectations in revenue, profits, and cash flow. The company demonstrated accelerated growth in its top line and Gross Transaction (JO:NTUJ) Value (GTV), with notable achievements in the adoption of its Pro product and expansion in the commercial and roofing sectors. Truist Securities maintained a Buy rating with a $120 price target, reflecting optimism about ServiceTitan’s long-term growth potential. Similarly, KeyBanc Capital Markets also reaffirmed an Overweight rating with a $120 target, highlighting the company’s resilience against economic uncertainties.

Stifel analysts revised their price target for ServiceTitan to $110 from $120 but maintained a Buy rating, citing positive developments in the company’s operational consistency and strategic initiatives for 2026. TD Cowen initiated coverage with a Buy rating and a $120 target, emphasizing ServiceTitan’s strong market position and potential for positive surprises due to conservative financial estimates. Needham also maintained a Buy rating with a $125 target, noting ServiceTitan’s resilience in economic downturns and expansion opportunities in new markets like roofing and commercial sectors.

These developments underscore the confidence analysts have in ServiceTitan’s growth prospects and market strategy. The company has been recognized for its strong performance and potential for continued expansion in its industry.

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