ServiceTitan (TTAN) closed down -4.83% at $64.25, extending a 7-day losing streak as the stock suffered amid widespread tech selling driven by SaaS automation fears.
- Wells Fargo lowered its price target to $125 while maintaining an “Overweight” rating on the stock.
- The decline mirrored the Nasdaq Composite's >2% drop, triggered by “SaaSpocalypse” fears regarding AI automation, which erased $285B in software market value.
- The company also entered a minor credit agreement amendment.