ServiceTitan initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of ServiceTitan (TTAN) with a Neutral rating and $100 price target ServiceTitan is a cloud-based, end-to-end platform purpose-built to digitize and streamline business workflows for field service trades such as plumbing and electrical, the analyst tells investors in a research note. The firm is bullish on the company’s potential to scale into a “fortified vertical” software-as-a-service business generating $4B-$5B in revenue. However, investors are already appreciating ServiceTitan’s tailwinds and therefore Goldman looks for a better risk/reward into the shares, the analyst tells investors in a research note.