ServiceTitan, Inc. (TTAN) shares fell to a new 12-month low on Thursday. The decline followed an analyst downgrade and a broader market downturn affecting technology stocks.

Wells Fargo & Company reduced its price target for the company on Wednesday. The stock has faced significant price pressure over the past week.

Piper Sandler recently named ServiceTitan one of its top two software picks for 2026. Analysts at the firm cited multiple growth drivers that could lead to revenue exceeding current expectations.