ServiceTitan jumps 7% after Q1 beat, raises 2027 outlook

ServiceTitan shares rose more than 7% on Friday after the software company reported adjusted fiscal first-quarter earnings of $0.37 a share and revenue of $268.8 million, and raised its fiscal 2027 revenue and operating income guidance.

Adjusted EPS increased from $0.18 a year earlier and topped the FactSet consensus of $0.28. Revenue grew 25% year over year and exceeded Wall Street estimates of about $257 million.

For fiscal 2027, ServiceTitan now expects revenue of $1.13 billion to $1.14 billion, up from a prior forecast of $1.11 billion to $1.12 billion. Management raised operating income guidance by $14 million to a range of $142 million to $147 million.

The stock’s gain followed a period of weakness: shares had fallen about 30% through Thursday’s close amid a wider pullback in software stocks.

Brokerages responded by lifting price targets and keeping bullish ratings. KeyBanc Capital Markets maintained an Overweight rating with a $120 target and described the quarter as a “squeaky clean quarter.” Morgan Stanley raised its target to $124 from $118 and reiterated the stock as a “top pick,” writing that the firm’s combination of proprietary customer data and integrated artificial intelligence capabilities creates a meaningful advantage.

Piper Sandler increased its target to $115 from $100, noting the $12.8 million revenue beat was the second strongest since ServiceTitan’s IPO and highlighting growth across the Max platform, voice agents, roofing and commercial segments. BTIG moved its target to $110 from $90 and pointed to encouraging adoption of Max’s AI-powered virtual agents. BMO Capital raised its target to $103 from $92, citing improved sales execution and momentum behind the Max automation platform.

ServiceTitan provides software platforms used by trade professionals such as plumbers and electricians. Its Max workflow automation features, including AI-powered virtual agents and other integrated AI tools, were repeatedly mentioned by analysts as drivers of recurring revenue and customer retention.

The results were released with the company’s quarterly filing and drew attention from investors and analysts focused on growth, AI initiatives and enterprise customer adoption.