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Investing.com - TD Cowen has reiterated its Buy rating and $145.00 price target on ServiceTitan (NASDAQ:TTAN) ahead of the company’s September 4 earnings report. According to InvestingPro data, analysts maintain a strong Buy consensus with price targets ranging from $109 to $150, while the stock currently trades at $101.76.
The firm expects ServiceTitan to deliver a "strong beat and raise" when it reports second-quarter results, with total revenue growth of 19% aligning with the high end of company guidance.
TD Cowen anticipates significant upside in second-quarter gross transaction value (GTV) due to the hot summer weather and air conditioning refrigerant changes, which their customer checks indicate are accelerating replacement rates.
The research firm considers ServiceTitan one of its top picks, noting the stock has declined 9% since its first-quarter earnings release, creating an attractive entry point at approximately 9x enterprise value to sales.
TD Cowen believes ServiceTitan deserves a premium valuation compared to the vertical software group average of 10x, citing the company’s "very durable end market, very little competition, durable growth drivers and conservative estimates."
In other recent news, ServiceTitan has been the focus of several analyst reports ahead of its upcoming fiscal second-quarter earnings report scheduled for September 4. KeyBanc has maintained an Overweight rating on the company with a price target of $140.00, expressing optimism about potential upside to the quarterly results. Stifel reiterated a Buy rating with a $125.00 price target, noting ServiceTitan’s unique positioning to benefit from advancements in artificial intelligence and machine learning. Truist Securities also maintained a Buy rating, setting a $120.00 price target and expecting strong seasonal results due to elevated temperatures in June and July 2025.
In a notable upgrade, Loop Capital raised ServiceTitan’s rating from Hold to Buy, increasing the price target to $140.00 based on positive feedback from their survey of target customers in the trade industry. This survey highlighted ServiceTitan’s strong market leadership position. These developments suggest a general positive sentiment among analysts regarding ServiceTitan’s performance and future prospects.
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