ServiceTitan's stock experienced a significant 24-hour plunge of 7.42% during night session trading on Thursday, marking a substantial decline for the company.
The sharp drop followed a downward revision of ServiceTitan's price target by analyst firm BTIG, which cut its target to $105 from $130. Analyst target price adjustments are closely monitored by investors and can significantly influence market sentiment, often leading to increased selling pressure as observed in this trading session.