ServiceTitan (NASDAQ:TTAN) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of ServiceTitan (NASDAQ:TTAN - Free Report) in a research report released on Friday,Benzinga reports. Needham & Company LLC currently has a $125.00 price target on the stock.

Several other research firms also recently commented on TTAN. Loop Capital assumed coverage on ServiceTitan in a research note on Monday, January 6th. They issued a "hold" rating and a $105.00 price objective on the stock. Citigroup increased 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. William Blair initiated coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an "outperform" rating on the stock. Piper Sandler assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued an "overweight" rating and a $125.00 price target for the company. Finally, Truist Financial initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a "buy" rating and a $120.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $114.33.

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ServiceTitan Trading Down 2.6 %

TTAN stock traded down $2.50 during midday trading on Friday, reaching $95.50. 539,144 shares of the company's stock traded hands, compared to its average volume of 312,448. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $112.00. The stock's 50-day moving average is $97.07.

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

Institutional Investors Weigh In On ServiceTitan

Large investors have recently made changes to their positions in the company. TimesSquare Capital Management LLC bought a new position in ServiceTitan during the fourth quarter valued at approximately $87,896,000. Battery Management Corp. purchased a new stake in shares of ServiceTitan during the 4th quarter worth approximately $496,599,000. Burkehill Global Management LP purchased a new stake in shares of ServiceTitan during the 4th quarter worth approximately $5,144,000. New York State Common Retirement Fund bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $3,692,000. Finally, Principal Financial Group Inc. purchased a new position in shares of ServiceTitan in the fourth quarter valued at $25,365,000.

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.