Stifel Nicolaus Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00

ServiceTitan (NASDAQ:TTAN) had its price target dropped by stock analysts at Stifel Nicolaus from $125.00 to $100.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 75.34% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of ServiceTitan in a research report on Wednesday. Truist Financial set a $100.00 target price on ServiceTitan in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of ServiceTitan in a research report on Monday, June 8th. Wells Fargo & Company cut their price target on ServiceTitan from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Robert W. Baird reduced their price objective on ServiceTitan from $101.00 to $85.00 and set an “outperform” rating for the company in a research report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.12.

ServiceTitan Trading Down 30.1%

TTAN traded down $24.55 during trading on Wednesday, hitting $57.03. The stock had a trading volume of 11,595,672 shares, compared to its average volume of 1,487,039. The firm has a market cap of $5.44 billion, a PE ratio of -38.93 and a beta of 0.11. ServiceTitan has a 12 month low of $54.17 and a 12 month high of $119.60. The company has a 50 day simple moving average of $84.66 and a 200-day simple moving average of $72.69.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $292.76 million during the quarter, compared to analysts’ expectations of $285.89 million. ServiceTitan had a negative net margin of 13.44% and a negative return on equity of 5.59%. The business’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. As a group, sell-side analysts anticipate that ServiceTitan will post -0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ServiceTitan news, Director Byron Deeter sold 8,845 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $63.35, for a total value of $560,330.75. Following the completion of the transaction, the director owned 13,782 shares of the company’s stock, valued at $873,089.70. This represents a 39.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Michele O’connor sold 4,910 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $80.93, for a total value of $397,366.30. Following the completion of the sale, the chief accounting officer owned 71,676 shares of the company’s stock, valued at $5,800,738.68. This represents a 6.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 514,837 shares of company stock valued at $39,203,222 in the last quarter. 39.89% of the stock is currently owned by insiders.

Institutional Trading of ServiceTitan

Institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of ServiceTitan by 7,065.5% in the second quarter. California State Teachers Retirement System now owns 4,537,461 shares of the company’s stock valued at $320,844,000 after purchasing an additional 4,474,137 shares in the last quarter. Norges Bank bought a new position in ServiceTitan in the fourth quarter worth $112,678,000. Fuller & Thaler Asset Management Inc. acquired a new stake in ServiceTitan during the fourth quarter worth $89,702,000. Madison Asset Management LLC bought a new stake in ServiceTitan in the 2nd quarter valued at $56,118,000. Finally, Atreides Management LP bought a new stake in ServiceTitan in the 2nd quarter valued at $68,679,000.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan reported fiscal Q2 adjusted earnings of $0.40 per share, above the $0.35 consensus estimate, while revenue of $292.76 million increased 20.9% year over year and exceeded expectations of approximately $285.9 million. ServiceTitan earnings report
• Positive Sentiment: Several analysts maintained bullish ratings and still see substantial upside: BTIG reaffirmed “buy” with a $110 target, while KeyCorp, Piper Sandler, BMO Capital Markets and Robert W. Baird retained positive ratings. TD Cowen also maintained “buy,” with a $100 target. Analysts cited potential long-term growth from ServiceTitan’s artificial-intelligence initiatives. ServiceTitan analyst price targets
• Neutral Sentiment: ServiceTitan named longtime executive Rikus Pretorius as its next chief revenue officer. Outgoing CRO Ross Biestman will remain through the end of the fiscal year, creating continuity but adding uncertainty around the company’s sales execution and growth strategy. ServiceTitan CRO appointment
• Negative Sentiment: Management’s fiscal Q3 revenue outlook of $285 million to $287 million came in below the roughly $287.8 million analyst consensus. The guidance implied slower near-term growth and outweighed the quarterly beat for investors. ServiceTitan Q3 revenue forecast
• Negative Sentiment: Analysts responded by lowering price targets, including TD Cowen to $100 from $125, Baird to $85 from $101, BMO to $90 from $103, and KeyCorp to $110 from $120. Although the firms kept favorable ratings, the reductions signal reduced expectations for near-term performance.
• Negative Sentiment: The company remains unprofitable, with a negative net margin of 13.44% and negative return on equity of 5.59%, increasing investor sensitivity to any slowdown in revenue growth or execution.

ServiceTitan Company Profile

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.