Citi Raises ServiceTitan (TTAN) PT to $123, Beats FQ2 Earnings

ServiceTitan Inc. (NASDAQ:TTAN) is one of the best new stocks to buy right now. On September 9, Citi analyst Tyler Radke raised the firm’s price target on ServiceTitan to $123 from $111, while keeping a Neutral rating on the shares. The firm updated its application software models following its technology conference. Citi believes that while the sector is not insulated from AI, the worst-case bear concerns are likely overdone.

This sentiment followed the company’s FQ2 2026 earnings report, where ServiceTitan surpassed earnings expectations with a reported Non-GAAP EPS of $0.33 compared to expectations of $0.18. Total revenue for the quarter reached $242.1 million, which was a 25% year-over-year increase due to strength in usage revenue and faster growth from new customers.

Subscription revenue grew 27% year-over-year to $174.8 million, while usage revenue increased 23% year-over-year to $58 million, driven by higher-than-expected Gross Transaction Volume/GTV and a greater mix of on-platform payment solutions. Total platform revenue (subscription plus usage) grew 26% year-over-year to $232.7 million. For its forward guidance, ServiceTitan now anticipates full FY2026 total revenue in the range of $935 to $940 million.

ServiceTitan Inc. (NASDAQ:TTAN) provides an end-to-end cloud-based software platform in the US and Canada. Its platform connects and manages a range of business workflows.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.