Morgan Stanley Boosts ServiceTitan (NASDAQ:TTAN) Price Target to $107.00

ServiceTitan (NASDAQ:TTAN) had its price target increased by equities research analysts at Morgan Stanley from $104.00 to $107.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 15.05% from the stock’s current price.

TTAN has been the subject of a number of other research reports. Canaccord Genuity Group initiated coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 target price for the company. William Blair assumed coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an “outperform” rating for the company. Stifel Nicolaus started coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price on the stock. Truist Financial began coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on ServiceTitan in a research note on Monday, January 6th. They issued a “neutral” rating and a $100.00 price objective on the stock. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.33.

ServiceTitan Stock Up 12.9 %

Shares of TTAN stock opened at $93.00 on Friday. The business has a fifty day simple moving average of $97.14. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $112.00.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TTAN. Principal Financial Group Inc. bought a new stake in shares of ServiceTitan in the 4th quarter worth about $25,365,000. New York State Common Retirement Fund purchased a new stake in ServiceTitan in the 4th quarter worth about $3,692,000. TimesSquare Capital Management LLC bought a new stake in ServiceTitan in the fourth quarter worth about $87,896,000. SBI Securities Co. Ltd. purchased a new position in shares of ServiceTitan during the fourth quarter valued at approximately $26,000. Finally, Victory Capital Management Inc. bought a new position in shares of ServiceTitan during the fourth quarter valued at approximately $10,450,000.

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.