ServiceTitan Inc. shares advanced approximately 6% on Thursday, reaching $67.06, as investors positioned themselves ahead of the company's fiscal first-quarter earnings report scheduled for June 4. The stock touched an intraday high of $67.92, marking one of its strongest performances this month.
The move comes after fresh analyst calls from BMO Capital and Piper Sandler, both of which maintained favorable ratings on the trades-software provider. Piper Sandler reiterated its Overweight rating and $100 price target, citing the midpoint of management's Q1 revenue guidance, which implies 18.7% year-over-year growth. The firm expects growth drivers to include Max, Voice Agents, commercial business, and roofing solutions.
BMO Capital also kept its Outperform rating and $92 target, noting that usage revenue—sales tied to customer activity rather than fixed subscriptions—could rebound after a soft fourth quarter. However, BMO cautioned that ServiceTitan must demonstrate stronger growth beyond typical seasonal or calendar effects to achieve a higher valuation re-rating.
Earlier this week, Stifel and KeyBanc also weighed in. Stifel maintained its Buy rating and $125 target, suggesting ServiceTitan could beat first-quarter estimates on trades, commercial activity, and early returns from Max. KeyBanc kept its Overweight rating and $120 target, expecting a beat and monitoring gross transaction value growth, voice agents, Max, and commercial initiatives.
ServiceTitan is set to report fiscal Q1 2027 results after the market close on June 4, followed by a conference call at 5 p.m. EDT. The quarter ended April 30. Investors are keenly watching for signals of steady contractor demand, especially amid recent volatility in software stocks.
The company's fiscal 2026 revenue came in at $961 million, a 24% increase, while gross transaction volume reached $82.1 billion, up 20%. GTV measures the dollar value of invoices processed on its platform and serves as a proxy for customer-generated revenue. For the current quarter, ServiceTitan forecasts revenue between $255 million and $257 million, and full-year 2027 revenue of $1.11 billion to $1.12 billion. Non-GAAP operating income for the year is projected at $128 million to $133 million.
CEO Ara Mahdessian noted in March that the company had crossed the $1 billion annualized revenue run rate, while President Vahe Kuzoyan highlighted a doubling of Max capacity this quarter, linking growth to new automation and AI tools for contractors.
The broader market also saw gains, with the Nasdaq Composite rising 0.88% and both the S&P 500 and Nasdaq hitting intraday highs as buyers moved into technology and growth names. ServiceTitan competes with large enterprise-software firms like Salesforce and SAP, but its business model is more tied to trades activity and automation demand rather than seat-based pricing.
Despite the rally, ServiceTitan shares remain below the $71 IPO price from December 2024. Short interest stands at 11.9% of the public float as of May 15, indicating a significant number of bearish bets. A slow rebound in usage revenue, lagging AI adoption, or weak contractor demand could pressure the stock when earnings are released next week. The company's market capitalization stood at approximately $6.25 billion at last check.