ServiceTitan, Inc. specializes in providing solutions for managing various field service operations. These activities are essential for the installation, ongoing maintenance, and repair of critical infrastructure and systems within both residential dwellings and commercial establishments. The company was established by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008, and its main office is situated in Glendale, California.
Following a post-earnings sell-off and analyst price target cuts, the stock is experiencing significant downward pressure and heightened volatility.
ServiceTitan reported quarterly earnings on September 8, 2026, beating EPS estimates with $0.40 against a $0.35 consensus and revenue of $292.76 million. Despite the beat, the stock experienced a sharp decline of 17.2% on September 9, 2026, amid a broader market downturn and investor reassessment of growth stock valuations.
MarketBeatFollowing the earnings report, TD Cowen lowered its price target for TTAN from $125 to $100, and Wells Fargo lowered its target from $115 to $105. Both firms maintained positive ratings, but the downward revisions reflect tempered expectations and market volatility.
MarketBeat