{
  "id": 6409564,
  "title": "Wells Fargo cuts ServiceTitan stock price target on Max adoption",
  "url": "https://urgent.news/2026/09/09/wells-fargo-cuts-servicetitan-stock-price-target-on-max-adoption",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T10:40:54.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/wells-fargo-cuts-servicetitan-stock-price-target-on-max-adoption-93CH-4893179"
  },
  "original_language": "en",
  "account": "Wells Fargo lowered its price target for ServiceTitan shares to $105 from $115, keeping an Overweight rating. The firm noted several changes following the company's Q2 results, such as increased focus on its Max product and reduced assumptions for gross transaction value growth. ServiceTitan's Q2 revenue increased 21% year-over-year, slightly below the high end of guidance and well below its long-term average growth rate. Despite strong gross profit margins and liquidity, the stock fell 11.5% in a week, reaching $81.58. Growth in gross transaction value was hindered by lower customer hiring and fewer leads, especially in the HVAC sector. Max, an AI bundle, saw double its customer count in a quarter, with over 700 expected by year-end. While unprofitable, analysts predict profitability by year-end. ServiceTitan's revenue for Q2 reached $292.8 million, beating expectations but missing a profit forecast. Canaccord adjusted its price target to $90, reflecting the recent results and slower growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Why is ServiceTitan stock plunging over 17% today?",
        "url": "https://urgent.news/2026/09/09/why-is-servicetitan-stock-plunging-over-17-today",
        "published": "2026-09-09T10:41:31.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}