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Analysts Raise Price Targets on ServiceTitan Following Impressive Q3 Beat

MarketDash Editorial Team
16 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 Stock Market News

Analysts Raise Price Targets on ServiceTitan Following Impressive Q3 Beat

MarketDash Editorial Team
16 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