ServiceTitan rises after rating upgrade at Loop Capital on business momentum
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Shares of ServiceTitan (NASDAQ:TTAN) rose about 3% after Loop Capital upgraded the stock to Buy from Hold, citing strong business momentum. The price target was raised to $140 from $100. Analysts conducted a survey of ServiceTitan's target customers, revealing overwhelmingly positive feedback regarding the company's market leadership, customer satisfaction, and growth potential. The results were particularly strong among larger customers, indicating confidence in ServiceTitan's short-term and long-term growth strategies. Analysts expect a positive outlook for the remainder of the year based on the fiscal second quarter's performance.
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