On June 10, ServiceTitan fell 5.15% in regular trading, trading at $69.12/share, with trading volume of $51.41 million. The decline came amid a broad selloff across the application software sector, erasing further gains from the stock's post-earnings rally on June 5.
The entire application software sector faced significant selling pressure, with peers declining sharply: Palantir Technologies down 5.24%, IREN Ltd down 10.19%, Strategy down 9.05%, Salesforce down 5.12%, and AppLovin Corporation down 9.75%. ServiceTitan's decline appears largely driven by sector-wide weakness rather than company-specific developments.
Notably, ServiceTitan had surged over 13% following its June 5 fiscal Q1 earnings report, which showed revenue of $268.8 million (up 25% year-over-year, beating the $256.7 million consensus), adjusted EPS of $0.37 versus $0.27 expected, and raised full-year revenue guidance to $1.13-$1.14 billion. Morgan Stanley raised its price target to $124, and Truist Securities set a $110 target, both maintaining bullish ratings. The current pullback represents a partial retracement of those post-earnings gains amid broader sector headwinds.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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