TTAN Stock Heads For Best Day Since IPO – AI Growth, Raised Guidance And ‘Top Pick’ Rating Fuels Rally

• Piper Sandler called the company's $12.8 million revenue beat, the second strongest since ServiceTitan's December 2024 IPO.
• Morgan Stanley pointed to accelerating growth during the quarter and said the fiscal 2027 setup looks attractive.
• The company hiked its fiscal 2027 revenue outlook to a range of $1.13 billion to $1.14 billion, up from its previous guidance of $1.11 billion.

Shares of ServiceTitan (TTAN) surged in premarket trading on Friday and were on track for the best single-day gains since the company’s December 2024 IPO, after the software provider reported a stellar quarter, raised its fiscal 2027 outlook, and earned fresh praise from Wall Street analysts.

The rally saw a boost after Morgan Stanley named ServiceTitan as a “top pick” and raised its price target, as did other brokerage firms. 

At the time of writing, TTAN stock was up 15.66% on Friday

Morgan Stanley Says TTAN’s AI And Commercial Initiatives Widening The Story

Morgan Stanley hiked price target on ServiceTitan to $124 from $118 and kept an ‘Overweight’ rating on the stock, according to TheFly.

Morgan Stanley tagged ServiceTitan as a ‘top pick’ after the company turned in a ‘clean beat’ across GTV, revenue, margins, and free cash flow in the first quarter. The firm pointed to accelerating growth during the quarter, with AI and commercial initiatives widening the story, and said the fiscal 2027 setup looks attractive.

Piper Sandler also raised its price target on ServiceTitan to $115 from $100, maintained an ‘Overweight’ rating on the stock, and called the company's $12.8 million revenue beat the second-strongest since ServiceTitan's December 2024 IPO. 

The firm highlighted that ServiceTitan more than doubled the number of locations on its Max program, while other growth levers, including voice agents, roofing, and commercial verticals, continued to ramp. The fiscal 2027 revenue guide was raised to 18.1% year-over-year growth, which Piper believes came in above the high end of the buyside bogey.

BMO Capital analyst Daniel Jester also raised ServiceTitan’s price target to $103 from $92 and kept an ‘Outperform’ rating on the stock.

The brokerage highlighted that the company had a good start to the fiscal year with its sales execution and other trends reversing from the fourth quarter of the previous fiscal year. It resulted in a 25% year over year growth, a point above BMO Capital’s upside case into results, the firm noted.

BMO Capital also noted that the company’s Max program to drive full automation within trade customers is gaining momentum, as the company includes early learning on re-tooling workflows and end-user adoption.

TTAN’s Upbeat Q1 Earnings And Guidance

ServiceTitan reported the first quarter revenue of $268.8 million, exceeding analysts’ expectations of $256.66 million, and the earnings of $0.37 per share were better than the $0.28 per share consensus estimate, according to Fiscal.ai.

The company also hiked its fiscal 2027 revenue outlook to a range of $1.13 billion to $1.14 billion, up from its previous guidance of $1.11 billion.

ServiceTitan also raised its fiscal 2027 operating income guidance, now targeting $142 million to $147 million.

What Retail Thinks Of TTAN

On Stocktwits, retail sentiment surrounding the stock has improved to ‘extremely bullish’ from ‘bullish’ while message volumes remained in the ‘extremely high’ zone in the past 24 hours. 

TTAN stock has declined by more than 26% year-to-date.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read Next: This Cybersecurity Stock Has Barely Registered Any Gains In 2026 – But Piper Sandler Says Firm Has Hyper-Growth Durability For Next Few Years