ServiceTitan (NASDAQ:TTAN) Receives Overweight Rating from Piper Sandler

ServiceTitan (NASDAQ:TTAN - Get Free Report)'s stock had its "overweight" rating reaffirmed by stock analysts at Piper Sandler in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $125.00 price objective on the stock. Piper Sandler's price objective points to a potential upside of 30.89% from the stock's current price.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group initiated coverage on ServiceTitan in a research report on Monday, January 6th. They issued a "neutral" rating and a $100.00 price objective on the stock. Robert W. Baird assumed coverage on shares of ServiceTitan in a report on Friday, December 27th. They issued an "outperform" rating and a $117.00 price target on the stock. Citigroup lifted their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Morgan Stanley upped their target price on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of ServiceTitan in a research note on Friday. Four 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.33.

Remove Ads

ServiceTitan Trading Down 2.6 %

Shares of ServiceTitan stock traded down $2.50 during trading on Friday, hitting $95.50. The stock had a trading volume of 539,144 shares, compared to its average volume of 312,448. ServiceTitan has a 12 month low of $79.81 and a 12 month high of $112.00. The company has a fifty day simple moving average of $97.07.

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

Institutional Trading of ServiceTitan

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