ServiceTitan Inc. (NASDAQ:TTAN) Given Consensus Recommendation of “Moderate Buy” by Analysts

ServiceTitan Inc. (NASDAQ:TTAN) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $116.17.

A number of research firms have weighed in on TTAN. Robert W. Baird assumed coverage on shares of ServiceTitan in a research note on Friday, December 27th. They issued an “outperform” rating and a $117.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a “neutral” rating and a $100.00 price target on the stock. Piper Sandler initiated coverage on ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $125.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of ServiceTitan in a research note on Monday, January 13th. Finally, Truist Financial started coverage on ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 target price on the stock.

ServiceTitan Price Performance

Shares of ServiceTitan stock opened at $104.63 on Friday. ServiceTitan has a one year low of $91.04 and a one year high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share for the quarter. On average, equities research analysts anticipate that ServiceTitan will post -1.51 EPS for the current fiscal year.

Institutional Trading of ServiceTitan

Several hedge funds have recently added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. bought a new position in shares of ServiceTitan during the 4th quarter valued at approximately $26,000. Assetmark Inc. purchased a new position in ServiceTitan in the fourth quarter valued at approximately $67,000. New York State Common Retirement Fund bought a new position in ServiceTitan during the fourth quarter valued at $3,692,000. Victory Capital Management Inc. purchased a new stake in ServiceTitan in the fourth quarter worth $10,450,000. Finally, Principal Financial Group Inc. bought a new stake 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.