ServiceTitan Inc. (NASDAQ:TTAN) Receives $116.17 Average PT from Analysts

ServiceTitan Inc. (NASDAQ:TTAN) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $116.17.

TTAN has been the subject of several research analyst reports. William Blair began coverage on ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating for the company. Baird R W upgraded shares of ServiceTitan to a “strong-buy” rating in a research note on Friday, December 27th. Canaccord Genuity Group assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price for the company. Morgan Stanley set a $104.00 price target on shares of ServiceTitan in a research report on Tuesday, January 14th. Finally, Stifel Nicolaus initiated coverage on ServiceTitan in a research note on Monday, January 6th. They issued a “buy” rating and a $120.00 price target for the company.

Institutional Trading of ServiceTitan

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whale Rock Capital Management LLC acquired a new stake in ServiceTitan in the fourth quarter worth $4,115,000. Woodline Partners LP acquired a new stake in ServiceTitan in the fourth quarter worth $210,000. XN LP acquired a new stake in shares of ServiceTitan in the 4th quarter worth about $5,144,000. Zimmer Partners LP acquired a new stake in shares of ServiceTitan in the 4th quarter worth about $514,000. Finally, Sone Capital Management LLC acquired a new stake in shares of ServiceTitan in the 4th quarter worth about $4,322,000.

ServiceTitan Trading Up 2.8 %

Shares of TTAN stock opened at $94.94 on Tuesday. ServiceTitan has a 12 month low of $91.04 and a 12 month high of $112.00. The business has a fifty day moving average price of $99.53.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. Sell-side analysts forecast that ServiceTitan will post -1.98 EPS for the current fiscal year.

About ServiceTitan

ServiceTitan, Inc engages in the collection of field service activities required to install, maintain, and service the infrastructure and systems of residences and commercial buildings. The company was founded by Ara Mahdessian and Vahe Kuzoyan on June 8, 2008 and is headquartered in Glendale, CA.