Loop Capital Has Lowered Expectations for ServiceTitan (NASDAQ:TTAN) Stock Price

ServiceTitan (NASDAQ:TTAN - Get Free Report) had its price target cut by analysts at Loop Capital from $105.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Loop Capital's price target points to a potential downside of 5.76% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of ServiceTitan in a research note on Friday. Wells Fargo & Company started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an "overweight" rating and a $125.00 target price for the company. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a "neutral" rating and a $100.00 target price for the company. William Blair started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an "outperform" rating for the company. Finally, KeyCorp started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an "overweight" rating and a $120.00 target price for the company. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $114.33.

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ServiceTitan Trading Down 2.6 %

Shares of ServiceTitan stock traded down $2.50 on Friday, reaching $95.50. The stock had a trading volume of 539,144 shares, compared to its average volume of 312,448. The business has a 50-day moving average price of $96.96. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $112.00.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last issued its quarterly earnings data on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. As a group, research analysts predict that ServiceTitan will post -1.98 earnings per share for the current year.

Institutional Investors Weigh In On ServiceTitan

Several large investors have recently made changes to their positions in TTAN. Principal Financial Group Inc. bought a new stake in shares of ServiceTitan in the 4th quarter worth about $25,365,000. New York State Common Retirement Fund bought a new stake in shares of ServiceTitan in the 4th quarter worth about $3,692,000. TimesSquare Capital Management LLC bought a new stake in shares of ServiceTitan in the 4th quarter worth about $87,896,000. SBI Securities Co. Ltd. bought a new stake in shares of ServiceTitan in the 4th quarter worth about $26,000. Finally, Victory Capital Management Inc. bought a new stake in shares of ServiceTitan in the 4th quarter worth about $10,450,000.

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.