Piper Sandler initiated coverage of ServiceTitan (TTAN) with an Overweight rating and $125 price target The firm cites an attractive recession-resistant $1.5 trillion end market driven by replacements, ample share gain potential with just 6% penetration, a market-leading differentiated product, untapped operating leverage where profit growth could exceed top-line growth for 5-7 years, and proven ability to scale with ARR poised to approach $1B-plus next year.
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