Daniel Jester, an analyst from BMO Capital, has initiated a new Buy rating on ServiceTitan, Inc. Class A (TTAN).
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Daniel Jester has given his Buy rating due to a combination of factors that highlight ServiceTitan’s potential for growth and market leadership. The company is seen as a leader in the trades business software market, with a significant opportunity to expand its market share in a $13 billion industry. ServiceTitan’s platform is designed to optimize operations for trades businesses, offering tailored solutions that enhance decision-making and streamline various business functions.
Furthermore, Jester notes the company’s strategic focus on larger customers and its efforts to expand into commercial operations, which represent a larger and faster-growing market compared to its traditional residential base. The company’s financial framework is also improving, with expectations of significant revenue growth and improved EBIT margins. These factors, combined with supportive macroeconomic conditions and potential lower interest rates, underpin Jester’s positive outlook and the $129 target price for the stock.
According to TipRanks, Jester is a 4-star analyst with an average return of 6.5% and a 56.02% success rate. Jester covers the Technology sector, focusing on stocks such as Dayforce Inc, Intuit, and Samsara.
In another report released on August 26, TD Cowen also maintained a Buy rating on the stock with a $145.00 price target.