Canaccord has raised its price target for ServiceTitan (TTAN, Financial), setting it at $130, up from the previous $120, while maintaining a Buy rating on the stock. This decision follows a series of investor meetings that highlighted the company's resilience against potential tariff impacts, due to its end-customers' largely non-discretionary spending habits.
The investment firm expressed confidence in ServiceTitan's ability to deliver clear returns on investment through its platform. Furthermore, Canaccord sees the company as poised for significant growth, with the potential to evolve into a multi-billion-dollar revenue entity. They also anticipate that ServiceTitan could achieve free cash flow margins exceeding 30% in the future.
