Truist Securities Remains a Buy on ServiceTitan (TTAN)

ServiceTitan, Inc. (NASDAQ:TTAN) is one of the Most Promising New Technology Stocks to Buy According to Analysts. On June 17, Truist Securities reiterated a Buy rating on the stock with a price target of $110. The rating comes after the firm’s analyst Terry Tillman visited Sila Services, a national multi-trade platform on track for roughly $1 billion in revenue this year.

​The firm noted that Sila operates almost entirely on the ServiceTitan, Inc. (NASDAQ:TTAN) platform and runs a dedicated 10-person Center of Excellence to drive adoption and scale best practices across around 50 brands. The analyst noted that management was positive about the Contact Center Pro, Pro product adoption and the emerging AI use cases.

​Following the visit, Truist came away more confident in ServiceTitan’s ability to deepen relationships with existing customers and grow its share of their spending over time. The visit reinforced the firm’s view that ServiceTitan has a clear runway to expand within its installed base.

ServiceTitan, Inc. (NASDAQ:TTAN) is a California-based provider of an end-to-end cloud-based software platform.

While we acknowledge the risk and potential of TTAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TTAN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT:  10 Good Stocks to Invest in Now and 10 Most Undervalued US Stocks According to Hedge Funds. 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1