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Investing.com - KeyBanc has maintained its Overweight rating and $140.00 price target on ServiceTitan (NASDAQ:TTAN) following the company’s second-quarter financial results. The stock, currently trading at $100.31, has significant upside potential according to analysts, whose targets range from $109 to $155. InvestingPro analysis shows the stock is fairly valued at current levels.
ServiceTitan exceeded top-line expectations by 5.5% in the second quarter, driven by stronger new customer growth and increased gross transaction value, according to KeyBanc analyst Jason Celino. The company maintains a robust gross margin of 66.26% and has achieved impressive revenue growth of 28.01% over the last twelve months.
The company raised its full-year guidance beyond the quarterly outperformance, now projecting 21.5% growth, representing a 490 basis point improvement since the fiscal year 2026 guidance was initially established.
Management expects to exceed its 25% incremental margin target for the current year, demonstrating improved profitability alongside revenue growth.
ServiceTitan also announced a partnership with Roto-Rooter, North America’s largest plumbing business, which will be implemented in early 2026, adding a significant client to its platform.
In other recent news, ServiceTitan has reported strong financial results for the second quarter of 2025, with total revenue growing by 25% and platform revenue increasing by 26%. The company achieved a 12.1% non-GAAP operating margin, marking an improvement of over 500 basis points from the previous year. Analysts at Canaccord Genuity and Needham have reiterated their Buy ratings on ServiceTitan stock, with price targets of $130.00 and $140.00, respectively, highlighting the company’s exceptional performance. Needham noted that ServiceTitan’s subscription revenue increased by 26.9%, exceeding their estimates by $7 million, and the company’s gross margins surpassed 74% for the first time.
Stifel also maintained a Buy rating, raising its price target to $135.00 from $125.00, following the company’s better-than-expected results. The recent earnings call provided insights into ServiceTitan’s strategic initiatives and innovative product launches, suggesting a positive trajectory for future growth. The company’s Gross Transaction Value (GTV) outperformed expectations, driven by strong results in both the Commercial and non-HVAC trades in Residential segments. These developments underscore ServiceTitan’s robust financial health and potential for continued success.
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