ServiceTitan, Inc. (NASDAQ:TTAN) stock is trading higher by more than 5% on Friday as the company recently announced its fiscal first-quarter 2027 financial results, highlighting strong customer performance and growth initiatives.
The positive movement comes despite a broader market decline, with the Technology sector currently down 3.59% and the S&P 500 losing over 1.0%.
ServiceTitan Stock Jumps After Fiscal Q1 Results
The customer relationship management software company reported first-quarter adjusted earnings of 37 cents per share, beating the consensus of 27 cents.
Revenues jumped 25% to $268.82 million, beating the analysts’ estimate of $256.67 million.
“Our customers are off to a strong start in fiscal year 2027,” said Ara Mahdessian, co-founder and CEO. “We continue to execute on our core multi-year growth vectors, we’re delivering the Agentic Operating System to the Trades, and we’re improving our organizational velocity.”
ServiceTitan raised its fiscal 2027 sales guidance from $1.11 billion-$1.12 billion to $1.13 billion-$1.14 billion compared to the consensus of $1.117 billion.
The software company expects second-quarter sales of $284 million-$286 million compared to the Wall Street estimate of $281.175 million.
TTAN Technical Analysis: Momentum Improves Near Key Averages
The stock is currently trading 23.9% above its 20-day simple moving average (SMA) of $64.70.
Momentum indicators show that the moving average convergence divergence (MACD) is above its signal line, suggesting that downside pressure is easing and momentum is improving compared to the prior downswing.
ServiceTitan’s price is also 6% below its 200-day SMA of $85.27, indicating that while the stock is experiencing a short-term rally, it still faces resistance at longer-term averages.
The recent swing high in June and the bullish crossover in MACD further support the potential for continued upward movement.
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $107.62. Recent analyst ratings include:
- BMO Capital: Outperform (Raises Target to $103.00) (June 5)
- Morgan Stanley: Overweight (Raises Target to $124.00) (June 5)
- BTIG: Buy (Raises Target to $110.00) (June 5)
- Truist Securities: Buy (Raises Price Forecast to $110) (June 5).
- Piper Sandler: Overweight ( Raises Price Forecast to $115) (June 5).
TTAN Stock Price Activity: ServiceTitan shares were up 5.89% at $78.70 at the time of publication on Friday, according to Benzinga Pro data.
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