Morgan Stanley Raises ServiceTitan Target to $131; Daventry Group Adds $7.9M
Morgan Stanley upgraded ServiceTitan from Equal Weight to Overweight, raising its price target from $125 to $131 and projecting 109% upside potential as its top sector pick. Daventry Group purchased 80,718 shares for about $7.9 million, lifting its stake to 16% of its portfolio despite ServiceTitan shares falling 39% year-to-date.
1. Morgan Stanley Upgrade
On January 20, Morgan Stanley upgraded ServiceTitan from Equal Weight to Overweight and raised its price target from $125 to $131, projecting 109% upside and naming it its top software sector pick, replacing Toast.
2. Goldman Sachs Coverage Initiation
On January 13, Goldman Sachs initiated coverage on ServiceTitan with a Neutral rating and set a $117 price target, citing its leading position in under-digitized trades and attractive long-term margin potential while noting limited immediate valuation upside.
3. Daventry Group Stake Increase
Daventry Group acquired 80,718 ServiceTitan shares for approximately $7.9 million, boosting its stake to 16% of its portfolio and increasing quarter-end position value to $9.42 million despite a 39% share price decline year-to-date.
4. ServiceTitan Business Model
ServiceTitan offers cloud-based software for trade service businesses through platforms including ServiceTitan, FieldRoutes, Aspire and Convex, covering functions such as invoicing, advertising, payment processing and recruitment for HVAC, plumbing, pest control and related fields.