In a report released today, Scott Berg from Needham reiterated a Buy rating on ServiceTitan, Inc. Class A (TTAN – Research Report), with a price target of $140.00.
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Scott Berg has given his Buy rating due to a combination of factors that highlight ServiceTitan’s strong platform capabilities. The company’s platform is noted for its deep integration and ability to enhance technician efficiency, which are critical for its users. Additionally, ServiceTitan’s strong analytics capabilities provide significant value to its customers, as evidenced by the positive feedback from a large franchisee of Glass Doctor.
Despite some challenges with back office integration and the complexity of the solution requiring substantial support, the overall customer success remains positive. The value proposition is further underscored by the customer’s willingness to accept a 1% subscription take rate alongside credit card processing fees, indicating a strong perceived value of ServiceTitan’s offerings.
According to TipRanks, Berg is an analyst with an average return of -9.6% and a 34.27% success rate. Berg covers the Technology sector, focusing on stocks such as Salesforce, SPS Commerce, and Workday.
In another report released on April 25, KeyBanc also maintained a Buy rating on the stock with a $140.00 price target.