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Investing.com - Piper Sandler raised its price target on ServiceTitan (NASDAQ:TTAN) to $155.00 from $150.00 on Friday, while maintaining an Overweight rating on the stock. The company, currently valued at $9.1 billion, maintains strong financial health with a current ratio of 4.82 and operates with moderate leverage, according to InvestingPro data.
The research firm cited ServiceTitan’s strong quarterly results, which exceeded revenue expectations by $13 million compared to the midpoint guidance. The company reported total revenue of $242 million, representing 25% year-over-year growth. This aligns with the company’s impressive 28% revenue growth over the last twelve months, with 11 analysts recently revising their earnings expectations upward.
ServiceTitan’s platform revenue grew by 26%, benefiting from better-than-expected new customer growth, expansions, and usage revenue, according to Piper Sandler’s analysis.
Despite the company’s revised guidance pointing to a deceleration to approximately 15% growth by year-end, Piper Sandler expressed an "upward bias" based on strong execution, encouraging proof points across commercial and residential segments, and continued momentum with Pro products.
The price target increase reflects Piper Sandler’s higher estimates factoring in stronger execution, which the firm believes reinforces the long-term opportunity for ServiceTitan’s end-to-end platform.
In other recent news, ServiceTitan has reported strong financial results for the second quarter of 2025, with total revenue growing by 25.5% year-over-year. The company also achieved a 26.9% increase in subscription revenue, surpassing estimates by $7 million, and recorded its first double-digit operating margin quarter at 12.1%. Gross margins exceeded 74% for the first time, demonstrating the company’s operational efficiency. Analysts have responded positively to these results, with KeyBanc maintaining an Overweight rating and a $140.00 price target, citing stronger new customer growth and increased gross transaction value. Canaccord Genuity reiterated its Buy rating with a $130.00 price target, highlighting the company’s revenue growth and improved operating margins. Needham also maintained a Buy rating and a $140.00 price target, describing the results as "exceptional." Additionally, Stifel raised its price target for ServiceTitan to $135.00 from $125.00 while maintaining a Buy rating, noting the company’s strong performance in Gross Transaction Value. These developments suggest a positive outlook from analysts on ServiceTitan’s financial health and growth trajectory.
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