ServiceTitan (TTAN) delivered better-than-expected fiscal Q2 results with strengths across commercial, enterprise, pro products and roofing, Truist Securities said in a note Friday.

Revenue grew 25% year over year to $242.1 million, while non-GAAP EPS was $0.36, more than double the estimate, the firm said.

Truist noted "upside across the model" with faster than expected growth from new and existing customers, especially in ServiceTitan's commercial business.

"The company's commercial business overperformed across all customer tiers, especially in the large enterprise market," Truist said.

Management raised fiscal 2026 revenue guidance to a range of $935 million to $940 million, above its previous guidance, the firm noted.

Truist reiterated a buy rating on ServiceTitan and lifted its price target to $130 from $120.

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