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Analysts Raise Price Targets on ServiceTitan Following Impressive Q3 Beat

MarketDash Editorial Team
2 days ago
ServiceTitan crushed Q3 expectations and raised its full-year guidance, prompting Wall Street analysts to adjust their price targets. The stock jumped nearly 16% as the company celebrated its first year as a public company with strong momentum in the trades software market.

ServiceTitan Inc. (TTAN) delivered a solid quarter that had Wall Street reaching for their calculators to update their models. The company reported third-quarter results on Thursday that beat expectations on both the top and bottom lines, proving that building software for plumbers and electricians is surprisingly good business.

The numbers tell a compelling story. ServiceTitan posted earnings of 24 cents per share, sailing past the analyst consensus of 15 cents. That's a 60% beat, which is the kind of outperformance that gets investors' attention. Revenue came in at $249.2 million, comfortably ahead of the $238.5 million that Wall Street had penciled in.

Perhaps more importantly, the company felt confident enough to raise its full-year 2026 sales guidance from a range of $935-940 million up to $951-953 million. That's not a token increase—it signals management sees sustained momentum in the business.

Co-Founder and CEO Ara Mahdessian struck an optimistic tone in his commentary: "I am deeply humbled by how much progress we've made during our first year as a public company. While we've come a long way together, I have never been more confident that our opportunity to build the operating system for the trades is only just beginning."

The market liked what it heard. ServiceTitan shares jumped 15.8% to trade at $110.66 on Friday, a nice validation for a company still finding its footing in the public markets.

What the Analysts Are Saying

Following the earnings release, several Wall Street analysts updated their views on ServiceTitan:

  • Piper Sandler analyst Hannah Rudoff maintained an Overweight rating but trimmed her price target from $155 to $140
  • BMO Capital analyst Daniel Jester kept his Outperform rating and raised his target from $115 to $125
  • Morgan Stanley analyst Josh Baer maintained an Equal-Weight rating while lifting his price target from $118 to $125
  • TD Cowen analyst Andrew Sherman stuck with his Buy rating and boosted his target from $150 to $160

The range of targets reflects different views on valuation, but the overall message is consistent: ServiceTitan is executing well as it builds out its platform for service businesses.

Back to News

Analysts Raise Price Targets on ServiceTitan Following Impressive Q3 Beat

MarketDash Editorial Team
2 days ago
ServiceTitan crushed Q3 expectations and raised its full-year guidance, prompting Wall Street analysts to adjust their price targets. The stock jumped nearly 16% as the company celebrated its first year as a public company with strong momentum in the trades software market.

ServiceTitan Inc. (TTAN) delivered a solid quarter that had Wall Street reaching for their calculators to update their models. The company reported third-quarter results on Thursday that beat expectations on both the top and bottom lines, proving that building software for plumbers and electricians is surprisingly good business.

The numbers tell a compelling story. ServiceTitan posted earnings of 24 cents per share, sailing past the analyst consensus of 15 cents. That's a 60% beat, which is the kind of outperformance that gets investors' attention. Revenue came in at $249.2 million, comfortably ahead of the $238.5 million that Wall Street had penciled in.

Perhaps more importantly, the company felt confident enough to raise its full-year 2026 sales guidance from a range of $935-940 million up to $951-953 million. That's not a token increase—it signals management sees sustained momentum in the business.

Co-Founder and CEO Ara Mahdessian struck an optimistic tone in his commentary: "I am deeply humbled by how much progress we've made during our first year as a public company. While we've come a long way together, I have never been more confident that our opportunity to build the operating system for the trades is only just beginning."

The market liked what it heard. ServiceTitan shares jumped 15.8% to trade at $110.66 on Friday, a nice validation for a company still finding its footing in the public markets.

What the Analysts Are Saying

Following the earnings release, several Wall Street analysts updated their views on ServiceTitan:

  • Piper Sandler analyst Hannah Rudoff maintained an Overweight rating but trimmed her price target from $155 to $140
  • BMO Capital analyst Daniel Jester kept his Outperform rating and raised his target from $115 to $125
  • Morgan Stanley analyst Josh Baer maintained an Equal-Weight rating while lifting his price target from $118 to $125
  • TD Cowen analyst Andrew Sherman stuck with his Buy rating and boosted his target from $150 to $160

The range of targets reflects different views on valuation, but the overall message is consistent: ServiceTitan is executing well as it builds out its platform for service businesses.

    Analysts Raise Price Targets on ServiceTitan Following Impressive Q3 Beat - MarketDash News