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.

While we acknowledge the potential of TTAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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