NEW YORK, May 28, 2026, 15:02 EDT
- ServiceTitan shares climbed roughly 6% in afternoon trading, moving ahead of the wider Nasdaq gain.
- BMO Capital and Piper Sandler issued new analyst calls ahead of fiscal Q1 results set for June 4. The move came after those calls.
- The next thing to watch is if usage revenue, AI products and commercial demand can back up a better growth outlook.
ServiceTitan Inc. shares rose around 6% on Thursday, with the trades-software stock heading for one of its best days this month as traders set up before next week’s earnings. The shares last traded at $67.06, up $3.77, after reaching an intraday high at $67.92.
ServiceTitan is set to release fiscal Q1 2027 numbers after the bell on June 4, followed by a 5 p.m. EDT call. The quarter wrapped up April 30. Investors are watching for any signal that contractor demand is steady, with software stocks having whipsawed lately.
Piper Sandler kept its Overweight rating on Thursday and stuck with a $100 price target. The Wall Street firm said the midpoint of management’s Q1 revenue outlook signals 18.7% growth from a year ago. Max, Voice Agents, commercial business and roofing are expected to push that growth, according to the note.
BMO Capital left its Outperform rating in place on Thursday and stuck with a $92 target. The firm noted usage revenue, or sales based on customer activity instead of only fixed subscriptions, could bounce back after some fourth-quarter drag. But BMO said ServiceTitan will need to show better growth than just normal seasonal or calendar lifts for the stock to get a higher re-rating.
Stifel and KeyBanc both weighed in earlier this week. Stifel stuck with its Buy and $125 target on Wednesday, saying ServiceTitan might top first-quarter numbers on trades, commercial activity and early returns from Max. KeyBanc kept its Overweight and $120 target on Tuesday, expecting a beat and monitoring gross transaction value growth, voice agents, Max and commercial moves. Investing.com
ServiceTitan’s March numbers are the benchmark right now. The company posted fiscal 2026 revenue of $961 million, a gain of 24%. Gross transaction volume hit $82.1 billion, up 20%. GTV measures the dollars invoiced by customers on the company’s platform and is used as a proxy for customer-generated revenue.
ServiceTitan is looking for first-quarter revenue between $255 million and $257 million and full-year 2027 revenue of $1.11 billion to $1.12 billion. The company also sees non-GAAP operating income for the year between $128 million and $133 million, excluding some accounting costs.
ServiceTitan has crossed the $1B annualized revenue run rate, Chief Executive Ara Mahdessian said in March. President Vahe Kuzoyan, also in March, said the company is “doubling the capacity of Max this quarter,” as ServiceTitan links its growth outlook to new automation and AI tools for contractors. ServiceTitan
The market was stronger. The Nasdaq Composite gained 0.88% in afternoon figures from Nasdaq. Reuters said both the S&P 500 and Nasdaq posted intraday highs as buyers moved into tech and growth names. “Traders are on a hair trigger,” Jamie Cox, managing partner at Harris Financial Group, told Reuters about the market’s quick moves with geopolitical and inflation news. Nasdaq Global Index Watch Reuters
ServiceTitan competes on a narrower front than big enterprise-software names like Salesforce and SAP, which Reuters mentioned as broader business software rivals around the time of ServiceTitan’s IPO. Stifel said this week that ServiceTitan’s business model is different from software companies that count on seat-based pricing, where revenue is linked to user growth. Instead, ServiceTitan’s revenue is more tied to trades activity and automation demand. Reuters
But shares are still trading under the $71 IPO price from December 2024. Short interest was at 11.9% of the public float as of May 15, meaning a chunk of investors are betting the stock will fall. A slow rebound in usage revenue, lagging AI takeup or weak contractor demand could put pressure on Thursday’s rally when earnings hit next week. Reuters
For now, the market is focused on earnings. ServiceTitan’s value stood around $6.25 billion at last check. Shares are still trading under where they landed just after the IPO, but are close to the offer price as analysts wait to see if growth steadies.
