These Analysts Increase Their Forecasts On ServiceTitan After Q1 Results

Benzinga
07 Jun

ServiceTitan, Inc. (NASDAQ:TTAN) reported mixed first-quarter results on Thursday.

ServiceTitan posted adjusted earnings of 18 cents per share, beating market estimates of 12 cents per share. The company's quarterly sales came in at $215.69 million versus expectations of $208.69 million.

The company raised its FY2026 sales guidance from $895.00 million-$905.00 million to $910.00 million-$920.00 million.

“The ROI we deliver to our customers continues to be our greatest advantage,” said Vahe Kuzoyan, Co-Founder and President, “We’re building a series of stacking S-curves to put ourselves in a position to deliver transformative customer outcomes, and each of our four primary areas of focus this year are off to a strong start.”

ServiceTitan shares dipped 7.7% to trade at $105.68 on Friday.

These analysts made changes to their price targets on ServiceTitan following earnings announcement.

  • Morgan Stanley analyst Josh Baer maintained ServiceTitan with an Equal-Weight rating and raised the price target from $107 to $109.
  • Loop Capital analyst Yun Kim maintained the stock with a Hold and raised the price target from $90 to $100.
  • Needham analyst Scott Berg reiterated ServiceTitan with a Buy and maintained a $140 price target.

Considering buying TTAN stock? Here’s what analysts think:

Read This Next:

  • Top 2 Energy Stocks That May Fall Off A Cliff In Q2

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10