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On Friday, Stifel analysts increased their price target on ServiceTitan (NASDAQ:TTAN) shares from $110.00 to $125.00, while reaffirming a Buy rating on the stock. The adjustment reflects the firm’s confidence in the company’s growth potential and its ability to navigate the current economic landscape marked by tariff-induced volatility. The new target falls within the broader analyst range of $90 to $145, with a consensus recommendation leaning strongly toward Buy.
ServiceTitan, a software platform for home service businesses, has seen its shares fluctuate significantly since its last earnings report on March 13, trading between $80.23 and $131.33. Despite the broader market challenges, the company’s stock has outperformed the industry benchmark, with year-to-date gains of 10% compared to the 2% increase of the iShares Expanded Tech-Software Sector ETF (IGV). According to InvestingPro data, the company has demonstrated strong revenue growth of 25.6% over the last twelve months, though it’s currently experiencing a short-term pullback with a 7.8% decline over the past week.Want deeper insights? InvestingPro offers comprehensive analysis and 8 additional key insights for ServiceTitan, along with detailed financial metrics and expert research reports.
The analysts noted that the "on again, off again nature of US tariffs" has been a key driver behind the stock’s volatility. However, investor sentiment has improved as ServiceTitan is perceived to be more insulated from global trade disruptions and macroeconomic softness.
Stifel’s commentary highlights that, despite the global trade concerns easing, it is crucial to engage in the discourse surrounding the company’s prospects. They emphasize that the majority of ServiceTitan’s end-markets remain robust and that the company is well-positioned to continue its multi-faceted growth strategy while also improving profit margins. InvestingPro data shows the company maintains a healthy financial position with a current ratio of 3.74, though it currently operates at a loss with earnings per share of -$8.53.
The analysts concluded by reaffirming their Buy rating, indicating their belief in the company’s ability to sustain its growth trajectory and execute its strategic plans effectively. The new price target of $125.00 is indicative of Stifel’s confidence in ServiceTitan’s future performance. Based on current InvestingPro Fair Value analysis, the stock appears to be trading above its intrinsic value, suggesting investors should carefully consider their entry points.
In other recent news, ServiceTitan’s financial outlook has been a focal point for multiple analysts, with earnings and revenue projections at the forefront. The company is expected to announce its first-quarter 2026 earnings soon, and KeyBanc Capital Markets anticipates that ServiceTitan will exceed Wall Street’s revenue and operating margin estimates, driven by the adoption of its Pro product. ServiceTitan’s previous quarter saw a 29.4% increase in total revenue year-over-year, with expectations for a 26-27% growth in the upcoming quarter. Analysts from TD Cowen have raised ServiceTitan’s stock target to $140, aligning with the company’s optimistic full-year guidance of a 17% increase at the high end. Needham also raised its price target to $140, citing customer satisfaction and the platform’s ability to drive operational efficiencies.
Piper Sandler maintains an Overweight rating on ServiceTitan, highlighting the company’s resilience in the face of economic challenges and its strong market position in essential services. Meanwhile, Needham has reiterated a Buy rating with a $125 target, focusing on the company’s potential expansion into new sectors like roofing and commercial services. These recent developments underscore the confidence analysts have in ServiceTitan’s growth trajectory and market strategy.
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