ServiceTitan Inc (NASDAQ:TTAN) on Tuesday reported second-quarter financial results and issued third-quarter sales guidance with its midpoint below estimates.
ServiceTitan reported results for the second quarter of fiscal 2027, which ended July 31, 2026. Revenue rose 21% year over year to $292.8 million, while gross transaction volume increased 17% to $26.8 billion.
For the third quarter of fiscal 2027, ServiceTitan expects revenue of $285 million to $287 million, versus market estimates of $287.874 million.
“Our strong momentum delivering the Agentic Operating System to the Trades resulted in 21% year-over-year revenue growth and over $50 million of non-GAAP free cash flow this quarter,” said Ara Mahdessian, Co-Founder and CEO. “Delivering this Agentic Operating System to our customers and leveraging AI to further enhance our organizational velocity are once in a lifetime opportunities to execute against.”
ServiceTitan shares dipped 16.7% to $67.99 in pre-market trading.
These analysts made changes to their price targets on ServiceTitan following earnings announcement.
- Piper Sandler analyst Billy Fitzsimmons maintained the stock with an Overweight rating and lowered the price target from $115 to $110.
- Keybanc analyst Jason Celino maintained the stock with an Overweight rating and cut the price target from $120 to $110.
- Baird analyst Joe Vruwink maintained the stock with an Outperform rating and lowered the price target from $101 to $85.
Considering buying TTAN stock? Here’s what analysts think:
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