ServiceTitan’s (TTAN) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of ServiceTitan (NASDAQ:TTAN) in a research report report published on Friday,Benzinga reports. The firm currently has a $125.00 target price on the stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company started coverage on ServiceTitan in a research note on Monday, January 6th. They set an “overweight” rating and a $125.00 price target on the stock. William Blair assumed coverage on ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating on the stock. 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 target price on the stock. Morgan Stanley set a $104.00 target price on ServiceTitan in a research report on Tuesday, January 14th. Finally, Loop Capital assumed coverage on ServiceTitan in a research report on Monday, January 6th. They issued a “hold” rating and a $105.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ServiceTitan currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

ServiceTitan Stock Performance

Shares of ServiceTitan stock opened at $93.00 on Friday. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $112.00. The business’s fifty day simple moving average is $97.14.

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

Institutional Trading of ServiceTitan

Several large investors have recently added to or reduced their stakes in the stock. Deer Management Co. LLC acquired a new stake in ServiceTitan in the 4th quarter valued at $925,943,000. TPG GP A LLC acquired a new stake in ServiceTitan in the 4th quarter valued at $525,405,000. Battery Management Corp. acquired a new stake in shares of ServiceTitan during the fourth quarter valued at about $496,599,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of ServiceTitan during the fourth quarter valued at about $233,937,000. Finally, Dragoneer Investment Group LLC acquired 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.