ServiceTitan Price Target Cut 14.3% to $120, Stock Dips 21.8%
On Feb 3, Piper Sandler trimmed ServiceTitan’s 12-month price target by 14.3% to $120 from $140 while retaining an Overweight call and naming it a top software pick alongside Microsoft. The firm flagged seat compression risks from AI “vibe coding” after Anthropic’s plugin launch drove a 21.8% drop to $61.29.
1. Piper Sandler Rating and Price Target
On Feb 3, Piper Sandler cut ServiceTitan’s 12-month price target by 14.3% to $120 from $140 but preserved an Overweight rating, listing it as one of its top software picks alongside Microsoft.
2. AI-Driven Seat Compression Concerns
The firm cited risks of seat compression in ServiceTitan’s contractor-focused CRM platform caused by emergent AI “vibe coding,” which could pressure per-user pricing over time.
3. Stock Price Reaction and Analyst Upside
Following Anthropic’s end-January release of open-source generative AI plugins, ServiceTitan shares plunged 21.8% to $61.29 before a slight recovery, yet analysts still see upside toward a median $130.50 target, implying about 105% potential gain.