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

ServiceTitan (NASDAQ:TTAN) had its price objective reduced by Loop Capital from $105.00 to $90.00 in a research note published on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms also recently issued reports on TTAN. Wells Fargo & Company initiated coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 price objective on the stock. The Goldman Sachs Group initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued a “neutral” rating and a $100.00 target price for the company. Truist Financial initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price for the company. Morgan Stanley lifted their target price on ServiceTitan from $104.00 to $107.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, William Blair initiated coverage on ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

ServiceTitan Stock Performance

NASDAQ:TTAN opened at $93.00 on Friday. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $112.00. The business has a 50 day moving average price of $97.14.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings data on Thursday, March 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $209.30 million during the quarter, compared to the consensus estimate of $200.11 million. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, equities analysts expect that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in ServiceTitan during the 4th quarter valued at $26,000. Assetmark Inc. bought a new stake in ServiceTitan during the 4th quarter valued at $67,000. FIL Ltd bought a new stake in ServiceTitan during the 4th quarter valued at $67,000. Tower Research Capital LLC TRC bought a new stake in ServiceTitan during the 4th quarter valued at $91,000. Finally, Insight Holdings Group LLC bought a new stake in ServiceTitan during the 4th quarter valued at $103,000.

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.