TSX gains on big banks strength
Investing.com - KeyBanc maintained its Overweight rating on ServiceTitan (NASDAQ:TTAN) with a price target of $140.00 on Thursday. The target aligns with the broader analyst consensus, as InvestingPro data shows analyst targets ranging from $109 to $150, with 11 analysts recently revising earnings expectations upward.
The investment firm expressed a positive outlook for ServiceTitan’s upcoming second-quarter earnings, suggesting potential upside to quarterly results that could positively impact the company’s full-year outlook. According to InvestingPro data, the company is expected to report earnings in 14 days, with analysts forecasting profitability this year despite current negative earnings.
KeyBanc noted that while gross transaction value (GTV) and usage metrics might not show significant growth due to slightly cooler summer temperatures compared to last year, the company’s guidance already incorporates prudence regarding tough seasonal comparisons.
The firm projects subscription growth could potentially reach 26-27% year-over-year, comparable to upside seen in the past two quarters, driven by continued momentum in Pro attachment rates and commercial partnerships.
KeyBanc continues to recommend ServiceTitan as one of its top investment ideas, suggesting investors build positions and consider using any weather-related perceived softness as a potential entry point.
In other recent news, several investment firms have provided updates on ServiceTitan ahead of its upcoming fiscal second-quarter earnings report. Stifel has reiterated its Buy rating with a price target of $125, highlighting the company’s potential benefits from advancements in artificial intelligence and machine learning. Similarly, Truist Securities has maintained a Buy rating and set a price target of $120, anticipating strong seasonal results driven by elevated temperatures in June and July 2025. Loop Capital upgraded ServiceTitan from Hold to Buy, increasing the price target to $140 based on positive feedback from a survey of the company’s target customers in the trade industry. Piper Sandler has also raised its price target to $150 while maintaining an Overweight rating, citing the company’s variable usage revenue mix and expectations for a robust second-quarter performance. These updates reflect a general optimism among analysts regarding ServiceTitan’s market position and growth prospects.
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