ServiceTitan stock price target maintained at $129 by BMO Capital

Investing.com - BMO Capital has reiterated its Outperform rating and $129.00 price target on ServiceTitan (NASDAQ:TTAN), currently valued at $9.1 billion, following the company’s second-quarter fiscal 2026 results.

The company reported what BMO described as "healthy" quarterly results, delivering the largest top and bottom-line beats since its initial public offering. ServiceTitan’s performance, marked by impressive 28% year-over-year revenue growth and a robust 66% gross margin, was supported by strong customer acquisition along with improved GTV (Gross Transaction Value) and usage trends.

BMO Capital highlighted ServiceTitan’s progress on its commercial opportunity, which the firm considers strategically important and had detailed in a recent initiation report. The firm raised its estimates for ServiceTitan following the positive quarterly performance. According to InvestingPro data, the company maintains strong financial health with a current ratio of 4.82 and operates with moderate debt levels.

The newly announced partnership with Roto-Rooter was specifically noted by BMO Capital, which suggested it "could eventually be among the largest customers for the company." The firm characterized this partnership as representative of the breadth of opportunities available to ServiceTitan to drive sustainable growth.

BMO Capital maintained its Outperform rating on ServiceTitan stock, keeping its price target unchanged at $129.00 per share.

In other recent news, ServiceTitan reported robust quarterly earnings, with total revenue reaching $242 million, marking a 25% increase year-over-year. The company’s performance exceeded revenue expectations by $13 million, driven by stronger new customer growth and increased gross transaction value. Piper Sandler responded by raising its price target for ServiceTitan to $155 while maintaining an Overweight rating. Similarly, KeyBanc maintained its Overweight rating with a $140 price target, highlighting the company’s strong top-line growth of 5.5% in the second quarter. Canaccord Genuity reiterated its Buy rating, noting the 26% growth in platform revenue and an improvement in operating margins by over 500 basis points. Needham also reiterated a Buy rating, emphasizing the 25.5% revenue growth and subscription revenue increase of 26.9%, which exceeded their estimates by $7 million. Additionally, ServiceTitan achieved gross margins surpassing 74% and its first double-digit operating margin quarter at 12.1%. Stifel raised its price target to $135, acknowledging the company’s better-than-expected performance and strong results in Commercial and non-HVAC trades in Residential segments. These developments reflect a positive outlook from multiple analysts, reinforcing confidence in ServiceTitan’s financial health.

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