ServiceTitan (TTAN) is One of Piper Sandler’s Top Picks in the Software Industry

ServiceTitan Inc. (NASDAQ:TTAN) is 1 of the 11 Best Beaten Down Growth Stocks to Buy Now.

On February 3, Piper Sandler trimmed its people terms connected ServiceTitan by 14.3% to $120 (from $140) but retained its Overweight telephone connected the stock. In addition, the steadfast said that ServiceTitan is 1 of its apical picks successful the bundle industry, adjacent to Microsoft (NASDAQ:MSFT).

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Similar to Piper Sandler’s remark connected Vertex Inc. (NASDAQ:VERX), concerns astir spot compression owed to the interaction of artificial intelligence, specifically vibe coding, were cardinal reasons for the people terms chopped connected TTAN. Piper Sandler emphasized that its determination does not bespeak the firm’s condemnation regarding TTAN’s Q4-2026 net (which volition beryllium released connected March 12).

For context, Anthropic’s motorboat of open-source plugins for Claude Cowork connected January 30 spooked investors who fearfulness that astir bundle tin yet beryllium replaced with these self-serve open-source generative AI tools. As such, this merchandise from Anthropic erased $285 cardinal successful marketplace capitalization for software, fiscal services, and plus absorption stocks, according to Bloomberg.

ServiceTitan’s banal terms fell 21.8% to $61.29 (from $78.34) due to the fact that of this news, earlier rebounding somewhat to $63.74. Despite the sell-off, astir analysts are inactive convinced that TITAN is simply a bully investment. According to CNN, the median people terms is $130.50, implying an upside of 104.74%.

ServiceTitan Inc. (NASDAQ:TTAN) is simply a lawsuit narration absorption (CRM) bundle provider, catering specifically to commercialized persons and work contractors. The institution is located successful Glendale, California, and was founded successful June 2008 by Ara Mahdessian and Vahe Kuzoyan.

While we admit the imaginable of ServiceTitan Inc. (NASDAQ:TTAN) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.