ServiceTitan initiated with an Outperform at Baird

Baird initiated coverage of ServiceTitan (TTAN) with an Outperform rating and $117 price target Profitability will likely inflect higher as the residential and commercial repair software company expands its total addressable market, says the analyst, who adds that to the extent that revenue growth continues to track in the 20%-plus range, “we expect our investment framework to prove conservative.”