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ServiceTitan initiated with an Overweight at Wells Fargo

Wells Fargo analyst Michael Turrin initiated coverage of ServiceTitan (TTAN) with an Overweight rating and $125 price target The firm thinks ServiceTitan warrants a premium multiple given potential to become the de-facto operating system for the trades, a large and expanding TAM that it sees translating to durable compounding growth and favorable long-term margin potential.

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