KeyBanc has increased its price target for ServiceTitan (TTAN, Financial), raising it from $120 to $140 while maintaining an Overweight rating on the stock. This adjustment reflects the firm's optimistic view on the company's growth prospects.
The investment firm highlights that the opportunity for cross-selling the Pro product is still in its infancy, presenting significant potential for ServiceTitan. Additionally, KeyBanc anticipates that private equity consolidation within the trades sector will persist, which is expected to favorably impact ServiceTitan over the long term.
