Stifel Nicolaus Has Lowered Expectations for ServiceTitan (NASDAQ:TTAN) Stock Price

ServiceTitan (NASDAQ:TTAN - Free Report) had its price objective reduced by Stifel Nicolaus from $120.00 to $110.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company 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. Baird R W upgraded shares of ServiceTitan to a "strong-buy" rating in a report on Friday, December 27th. Citigroup boosted their target price on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Needham & Company LLC restated a "buy" rating and set a $125.00 target price on shares of ServiceTitan in a report on Friday. Finally, The Goldman Sachs Group assumed coverage on ServiceTitan in a research report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $114.33.

ServiceTitan Stock Down 2.6 %

NASDAQ:TTAN traded down $2.50 during trading hours on Friday, hitting $95.50. The company had a trading volume of 539,144 shares, compared to its average volume of 312,448. The company's 50-day simple moving average is $97.07. ServiceTitan has a 52 week low of $79.81 and a 52 week high of $112.00.

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ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. On average, analysts expect that ServiceTitan will post -1.98 EPS for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

A number of hedge funds have recently bought and sold shares of TTAN. Deer Management Co. LLC purchased a new position in ServiceTitan in the 4th quarter worth about $925,943,000. TPG GP A LLC purchased a new position in ServiceTitan in the 4th quarter worth about $525,405,000. Battery Management Corp. purchased a new position in ServiceTitan in the 4th quarter worth about $496,599,000. Price T Rowe Associates Inc. MD purchased a new position in ServiceTitan in the 4th quarter worth about $233,937,000. Finally, Dragoneer Investment Group LLC purchased a new position in ServiceTitan in the 4th quarter worth about $210,777,000.

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.