ServiceTitan's stock fell sharply by 6.15% during pre-market trading on Friday, extending recent volatility for the home services software provider.

The decline follows a price target reduction by Canaccord Genuity, which cut its target on ServiceTitan to $105 from $140. Analyst target revisions often influence investor sentiment and can trigger selling pressure as market participants reassess valuation expectations.

This pre-market movement comes amid mixed analyst sentiment, with TD Cowen recently raising its price target on the stock while BTIG had previously issued a downward revision. The conflicting analyst views have contributed to uncertainty around ServiceTitan's near-term prospects.