BTIG lowered its price target on ServiceTitan shares (NASDAQ:TTAN) to $90 from $105 while maintaining a Buy rating. Shares currently trade at $62.45.
The firm cited broader software multiple compression as the reason. BTIG analyst Nick Altmann noted ServiceTitan's operating system for the trades positions it well for the agentic era.
Customer feedback on virtual agents and the Max program was positive. Revenue grew 24.5% with gross margins at 70%. Analysts predict profitability this year.
BTIG expects a strong first quarter of fiscal 2027, with results on June 4. Additional proof points of Max are emerging as the next growth leg.
