ServiceTitan rises after rating upgrade at Loop Capital on business momentum

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Shares of ServiceTitan (NASDAQ:TTAN [https://seekingalpha.com/symbol/TTAN]) rose about 3% on Monday after Loop Capital upgraded the stock to Buy from Hold citing strong business momentum.

The firm also raised the price target to $140 from $100 on the shares of ServiceTitan, which provides customer relationship management cloud-based software platforms.

Analysts Yun Kim said they conducted their inaugural quarterly survey of ServiceTitan's target customers (those businesses in the trade with over $10M annual revenue).

"While we expected generally positive feedback regarding ServiceTitan as a market leader, initial survey results were overwhelmingly positive in regard to name recognition as a market leader, pipeline of highly strategic prospects looking to purchase TTAN over the next 12 months, adoption/expansion of Pro products within its customer base, and overall customer satisfaction," said the analyst.

Kim highlighted that these positive survey results were more prominent among larger customers (those with over $100M in annual revenue).

The analysts added that thus they are increasingly confident that ServiceTitan is well positioned to execute on both short-term and long-term growth strategies, especially on the heels of the positive survey that was conducted at the end of its seasonally strong July-ending fiscal second quarter.

Kim noted that they would expect the company's outlook for the remainder of the year to reflect its fiscal second quarter bookings performance, which they believe to be positive.

"While we acknowledge that it is premature to draw any conclusion from the initial survey results, we believe overwhelmingly positive results validate the company's undisputed market leadership position and also near-term opportunities ahead," said Kim.

MORE ON SERVICETITAN

* ServiceTitan: An Excellent Time To Buy The Dip [https://seekingalpha.com/article/4793844-servicetitan-an-excellent-time-to-buy-the-dip]
* ServiceTitan, Inc. 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4792873-servicetitan-inc-2026-q1-results-earnings-call-presentation]
* ServiceTitan, Inc. (TTAN) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4792870-servicetitan-inc-ttan-q1-2026-earnings-call-transcript]
* ServiceTitan signals $910M–$920M 2026 revenue outlook with 27% Q1 growth while advancing AI and commercial initiatives [https://seekingalpha.com/news/4456061-servicetitan-signals-910m-920m-2026-revenue-outlook-with-27-percent-q1-growth-while-advancing]
* ServiceTitan Non-GAAP EPS of $0.18 beats by $0.06, revenue of $215.69M beats by $7M [https://seekingalpha.com/news/4455972-servicetitan-non-gaap-eps-of-0_18-beats-by-0_06-revenue-of-215_69m-beats-by-7m]