Canaccord said ServiceTitan (TTAN) results were not surprising as they posted Q3 flash results as part of their IPO materials. The firm said this was a nice quarter. In terms of guidance, and perhaps more interesting, the high end of guidance for FQ4 implies 24% revenue growth, and if we assume that management has baked in a bit of cushion, that could set ServiceTitan up for accelerating growth in FQ4, which is generally a good thing for stock prices. Canaccord reiterated its Buy rating and $120 price target on ServiceTitan shares.
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Read More on TTAN:
- ServiceTitan price target raised to $113 from $109 at Citi
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- ServiceTitan sees Q4 revenue $199M-$201M, consensus $193.58M
- ServiceTitan sees FY25 revenue $761.6M-$763.6M, consensus $755.37M