ServiceTitan price target lowered to $90 from $105 at Loop Capital

Loop Capital lowered the firm’s price target on ServiceTitan (TTAN) to $90 from $105 and keeps a Hold rating on the shares. The company posted a strong second quarter as a public company, with a strong beat across all metrics, and perhaps the most impressive result was its strong growth in GTV -Gross Transaction Volume – which is its “most important metric” since it measures the company’s revenue opportunity within its customer base, the analyst tells investors in a research note. Loop adds however that its price target cut reflects the recent market pullback and multiple compressions.