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ServiceTitan Analysts Slash Their Forecasts After Q2 Earnings
ServiceTitan revenue rose 21% to $292.8M, but Q3 guidance missed estimates; shares fell 16.7% as analysts cut price targets.
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Citigroup Maintains Neutral on ServiceTitan, Lowers Price Target to $76
Citigroup analyst Tyler Radke maintains ServiceTitan (NASDAQ:TTAN) with a Neutral and lowers the price target from $83 to $76.
Canaccord Genuity Maintains Buy on ServiceTitan, Lowers Price Target to $90
Canaccord Genuity analyst David Hynes maintains ServiceTitan (NASDAQ:TTAN) with a Buy and lowers the price target from $105 to $90.
Why ServiceTitan Stock Is Crashing Today
ServiceTitan stock plummeted 30% on Wednesday despite beating Q2 earnings and sales estimates, with strong AI product demand and raised full-year guidance. The sell-off was triggered by disappointing Q3 sales guidance that fell short of analyst expectations, though the company raised its full-year revenue and operating income targets.