Stifel Nicolaus Lowers ServiceTitan (NASDAQ:TTAN) Price Target to $110.00

ServiceTitan (NASDAQ:TTAN) had its price objective decreased by equities researchers at Stifel Nicolaus from $120.00 to $110.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 18.28% from the company’s previous close.

TTAN has been the subject of a number of other reports. Morgan Stanley lifted their price target on ServiceTitan from $104.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Friday. William Blair began coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “outperform” rating for the company. KeyCorp began coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $120.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Friday. Finally, The Goldman Sachs Group began coverage on ServiceTitan in a research note on Monday, January 6th. They issued a “neutral” rating and a $100.00 price target for the company. Four research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

ServiceTitan Stock Performance

Shares of 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 stock’s 50-day simple moving average is $97.14.

ServiceTitan (NASDAQ:TTAN) last announced its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. Equities research analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current year.

Institutional Investors Weigh In On ServiceTitan

A number of hedge funds have recently made changes to their positions in the business. Deer Management Co. LLC bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $925,943,000. TPG GP A LLC bought a new stake in ServiceTitan during the fourth quarter worth approximately $525,405,000. Battery Management Corp. bought a new stake in ServiceTitan during the fourth quarter worth approximately $496,599,000. Price T Rowe Associates Inc. MD bought a new stake in ServiceTitan during the fourth quarter worth approximately $233,937,000. Finally, Dragoneer Investment Group LLC bought a new stake in ServiceTitan during the fourth quarter worth approximately $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.