ServiceTitan initiated with a Buy at Needham

Needham analyst Scott Berg initiated coverage of ServiceTitan (TTAN) with a Buy rating and $125 price target The firm thinks ServiceTitan offers “a unique combination of traits,” driving short-term and long-term share value. These include a market-dominant vertical SaaS solution in a large yet growing total addressable market with consistent customer expansion and favorable unit economics. In the near-term, the firm believes EPS upside comes from emerging strength in Electrical trade and Commercial expansion, the analyst added.