KeyBanc reiterated its 'Overweight' rating and a $140.00 price target for ServiceTitan (NASDAQ:TTAN) on November 21, 2025, signaling confidence in the company's long-term growth trajectory despite recent market concerns surrounding the HVAC sector. The firm dismissed the recent weakness in the HVAC industry as 'overblown' and not a deterrent to its positive outlook, which is centered on ServiceTitan's expansion into new trades and commercial markets. This affirmation comes a day after BMO Capital lowered its price target to $115 from $129, citing near-term worries about trade volumes and weather-related demand that have contributed to the stock's recent underperformance. Despite the lowered target, BMO Capital also maintained an 'Outperform' rating. The stock has experienced a significant decline over the past few months, which analysts attribute to the broader weakness reported in the HVAC industry.