Stifel Nicolaus Issues Pessimistic Forecast for ServiceTitan (NASDAQ:TTAN) Stock Price

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

A number of other equities research analysts have also recently weighed in on the company. Baird R W upgraded ServiceTitan to a “strong-buy” rating in a report on Friday, December 27th. William Blair assumed coverage on ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating on the stock. Robert W. Baird assumed coverage on ServiceTitan in a report on Friday, December 27th. They issued an “outperform” rating and a $117.00 price target on the stock. Citigroup upped their price target on ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, Truist Financial assumed coverage on ServiceTitan in a report on Monday, January 6th. They issued a “buy” rating and a $120.00 price target on the stock. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned 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 Up 12.9 %

TTAN opened at $93.00 on Friday. The firm’s 50 day moving average is $97.14. ServiceTitan has a 52 week low of $79.81 and a 52 week high of $112.00.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Monday, January 13th. The company reported ($1.18) EPS for the quarter. On average, equities research analysts expect that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in ServiceTitan in the fourth quarter valued at about $26,000. Assetmark Inc. purchased a new position in ServiceTitan in the fourth quarter valued at about $67,000. FIL Ltd purchased a new position in ServiceTitan in the fourth quarter valued at about $67,000. Tower Research Capital LLC TRC purchased a new position in ServiceTitan in the fourth quarter valued at about $91,000. Finally, Insight Holdings Group LLC purchased a new position in ServiceTitan in the fourth quarter valued at about $103,000.

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.