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

Piper Sandler reiterated their overweight rating on shares of ServiceTitan (NASDAQ:TTAN) in a research report report published on Friday,Benzinga reports. They currently have a $125.00 price objective on the stock.

Several other brokerages have also recently weighed in on TTAN. Stifel Nicolaus began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price objective on the stock. Robert W. Baird began coverage on shares of ServiceTitan in a research note on Friday, December 27th. They set an “outperform” rating and a $117.00 price objective on the stock. William Blair began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating on the stock. The Goldman Sachs Group began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a “neutral” rating and a $100.00 price objective on the stock. Finally, KeyCorp began coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $120.00 price objective on the stock. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

ServiceTitan Trading Up 12.9 %

NASDAQ TTAN opened at $93.00 on Friday. The company has a 50-day simple moving average of $97.14. ServiceTitan has a twelve month low of $79.81 and a twelve month high of $112.00.

ServiceTitan (NASDAQ:TTAN) last posted its earnings results on Thursday, March 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $209.30 million during the quarter, compared to the consensus estimate of $200.11 million. ServiceTitan’s quarterly revenue was up 29.4% compared to the same quarter last year. As a group, research analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ServiceTitan

Several large investors have recently bought and sold shares of the business. Whale Rock Capital Management LLC acquired a new position in ServiceTitan in the fourth quarter valued at approximately $4,115,000. Woodline Partners LP acquired a new position in ServiceTitan in the fourth quarter valued at approximately $210,000. XN LP acquired a new position in ServiceTitan in the fourth quarter valued at approximately $5,144,000. Zimmer Partners LP acquired a new position in ServiceTitan in the fourth quarter valued at approximately $514,000. Finally, Sone Capital Management LLC acquired a new position in ServiceTitan in the fourth quarter valued at approximately $4,322,000.

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.