Loop Capital Lowers ServiceTitan (NASDAQ:TTAN) Price Target to $90.00

ServiceTitan (NASDAQ:TTAN) had its price objective reduced by stock analysts at Loop Capital from $105.00 to $90.00 in a report released on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price target would indicate a potential downside of 3.23% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Citigroup upped their price target on shares of ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Stifel Nicolaus cut their price target on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird started coverage on shares of ServiceTitan in a report on Friday, December 27th. They set an “outperform” rating and a $117.00 target price on the stock. Piper Sandler reissued an “overweight” rating and set a $125.00 target price on shares of ServiceTitan in a report on Friday. Finally, The Goldman Sachs Group started coverage on shares of ServiceTitan in a report on Monday, January 6th. They set a “neutral” rating and a $100.00 target price 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. According to MarketBeat, ServiceTitan 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 company has a fifty day moving average price 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 quarterly earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. On average, research analysts predict that ServiceTitan will post -1.98 EPS for the current year.

Hedge Funds Weigh In On ServiceTitan

Several institutional investors have recently modified their holdings of the company. Whale Rock Capital Management LLC bought a new position in shares of ServiceTitan during the fourth quarter worth about $4,115,000. Woodline Partners LP bought a new position in ServiceTitan in the 4th quarter valued at about $210,000. XN LP bought a new position in ServiceTitan in the 4th quarter valued at about $5,144,000. Zimmer Partners LP bought a new position in ServiceTitan in the 4th quarter valued at about $514,000. Finally, Sone Capital Management LLC bought a new position in ServiceTitan in the 4th quarter valued at about $4,322,000.

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.