ServiceTitan Inc. (NASDAQ:TTAN) Given Consensus Rating of “Moderate Buy” by Brokerages

ServiceTitan Inc. (NASDAQ:TTAN) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $114.33.

Several research analysts recently weighed in on TTAN shares. Piper Sandler reaffirmed an “overweight” rating and issued a $125.00 target price on shares of ServiceTitan in a research report on Friday, March 14th. Baird R W upgraded ServiceTitan to a “strong-buy” rating in a report on Friday, December 27th. Stifel Nicolaus decreased their target price on ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, March 14th. Canaccord Genuity Group started coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 price target on the stock. Finally, William Blair initiated coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set an “outperform” rating for the company.

Hedge Funds Weigh In On ServiceTitan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTAN. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan in the fourth quarter worth about $26,000. Assetmark Inc. purchased a new stake in ServiceTitan during the 4th quarter worth approximately $67,000. FIL Ltd acquired a new position in shares of ServiceTitan in the 4th quarter valued at approximately $67,000. Tower Research Capital LLC TRC purchased a new position in shares of ServiceTitan during the 4th quarter valued at approximately $91,000. Finally, Insight Holdings Group LLC purchased a new position in shares of ServiceTitan during the 4th quarter valued at approximately $103,000.

ServiceTitan Price Performance

TTAN opened at $94.46 on Friday. ServiceTitan has a 12 month low of $79.81 and a 12 month high of $112.00. The company has a 50-day simple moving average of $96.62.

ServiceTitan (NASDAQ:TTAN) last released its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that ServiceTitan will post -1.98 EPS for the current fiscal year.

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.