Shares of ServiceTitan TTAN climbed sharply on Friday after the software company delivered stronger-than-expected quarterly results and raised its full-year outlook.
The results drew a fresh round of bullish commentary from Wall Street analysts.
The stock rose more than 7% in trading.
The rally marked a sharp reversal for the shares, which had fallen about 30% so far in 2026 through Thursday’s close amid a broader pullback in software stocks.
Strong earnings and higher guidance lift sentiment
ServiceTitan, which provides software platforms for trade professionals such as plumbers and electricians, reported adjusted fiscal first-quarter earnings of 37 cents per share, up from 18 cents a year earlier and ahead of the FactSet consensus estimate of 28 cents.
Revenue increased 25% year over year to $268.8 million, surpassing Wall Street expectations of roughly $257 million.
The company also raised its fiscal 2027 outlook.
ServiceTitan now expects revenue between $1.13 billion and $1.14 billion, compared with its previous forecast of $1.11 billion to $1.12 billion.
Management also increased its operating income guidance by $14 million, projecting a range of $142 million to $147 million for the fiscal year.
The stronger-than-expected results prompted several brokerages to lift their price targets, with analysts pointing to accelerating growth and improving execution.
Analysts highlight enterprise momentum and AI platform
KeyBanc Capital Markets described the quarter as a “squeaky clean quarter,” noting that ServiceTitan continues to attract larger enterprise customers while seeing strong progress with its Max workflow automation platform.
The brokerage maintained its Overweight rating and $120 price target, calling the company one of its top investment ideas for 2026.
Morgan Stanley also reiterated its bullish stance, raising its price target to $124 from $118 and continuing to view ServiceTitan as a “top pick.”
According to the firm’s analysts, the company’s combination of proprietary customer data and integrated artificial intelligence capabilities creates a significant competitive advantage.
The analysts wrote that ServiceTitan’s positioning “makes it hard for new entrants or point solutions who do not control all aspects of the end-to-end platform to deliver value in the same way ServiceTitan can.”
Piper Sandler also increased its price target to $115 from $100, maintaining an Overweight rating.
The firm said ServiceTitan’s $12.8 million revenue beat was the second strongest since its IPO and highlighted continued growth across its Max platform, voice agents, roofing, and commercial business segments.
AI initiatives remain a central growth driver
ServiceTitan’s expanding artificial intelligence strategy was a recurring theme across analyst reports following the earnings release.
BTIG, which raised its price target to $110 from $90 while maintaining a Buy rating, said progress with the Max platform was particularly encouraging.
The brokerage noted that the platform’s AI-powered virtual agents have seen strong customer adoption and positioned the company as an emerging winner in the AI software landscape.
BMO Capital also raised its price target to $103 from $92 and maintained an Outperform rating.
The firm pointed to improved sales execution and growing momentum behind the Max automation platform, noting that the company is incorporating early lessons from customer workflow redesigns and user adoption.
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