ServiceTitan reported a $12.8 million revenue beat, its second-largest since its 2024 IPO, driving 25% year-over-year growth and prompting Morgan Stanley to name it a top pick and raise its price target to $124. The company lifted its fiscal 2027 revenue forecast to $1.13–1.14 billion, signaling 18.1% growth.
ServiceTitan’s first-quarter revenue surpassed consensus by $12.8 million – its second-largest post-IPO beat – as total revenue grew 25% year over year, with strength across gross transaction value, margins, and free cash flow fueled by expanded AI and commercial initiatives.
The company raised its fiscal 2027 revenue guidance to a range of $1.13 billion to $1.14 billion, up from $1.11 billion, implying 18.1% year-over-year growth and reflecting momentum in its Max program alongside new vertical expansions in roofing and commercial services.
Morgan Stanley elevated ServiceTitan to a top pick with an Overweight rating and boosted its price target to $124, while Piper Sandler and BMO Capital raised their targets to $115 and $103 respectively, citing accelerating AI-driven feature adoption and robust sales execution.
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