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

Shares of ServiceTitan Inc. (NASDAQ:TTAN) have been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $116.17.

A number of analysts have recently commented on TTAN shares. Truist Financial started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 price objective on the stock. Canaccord Genuity Group initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 price objective on the stock. Robert W. Baird initiated coverage on shares of ServiceTitan in a report on Friday, December 27th. They set an “outperform” rating and a $117.00 target price on the stock. Citigroup boosted their target price on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, Piper Sandler initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $125.00 target price on the stock.

Hedge Funds Weigh In On ServiceTitan

Several institutional investors and hedge funds have recently modified their holdings of TTAN. Principal Financial Group Inc. acquired a new position in shares of ServiceTitan in the fourth quarter valued at $25,365,000. New York State Common Retirement Fund acquired a new position in shares of ServiceTitan in the fourth quarter valued at about $3,692,000. TimesSquare Capital Management LLC acquired a new position in shares of ServiceTitan in the fourth quarter valued at about $87,896,000. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan in the fourth quarter valued at about $26,000. Finally, Victory Capital Management Inc. acquired a new position in shares of ServiceTitan in the fourth quarter valued at about $10,450,000.

ServiceTitan Stock Performance

Shares of TTAN opened at $92.88 on Tuesday. ServiceTitan has a twelve month low of $91.04 and a twelve month high of $112.00. The firm has a 50 day moving average of $99.38.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Monday, January 13th. The company reported ($1.18) EPS for the quarter. Analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current year.

ServiceTitan Company Profile

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.