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

ServiceTitan Inc. (NASDAQ:TTAN) has been given an average rating of “Moderate Buy” by the fourteen research firms that are covering the company, Marketbeat.com reports. Four research 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. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $116.17.

TTAN has been the topic of a number of research reports. Canaccord Genuity Group started coverage on ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 price objective on the stock. Truist Financial assumed coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price target on the stock. Morgan Stanley started coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “equal weight” rating and a $104.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 price target for the company.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Battery Management Corp. bought a new stake in shares of ServiceTitan during the 4th quarter valued at about $496,599,000. TimesSquare Capital Management LLC acquired a new position in ServiceTitan in the fourth quarter valued at approximately $87,896,000. Principal Financial Group Inc. bought a new position in shares of ServiceTitan during the 4th quarter worth approximately $25,365,000. Victory Capital Management Inc. acquired a new stake in shares of ServiceTitan during the 4th quarter worth approximately $10,450,000. Finally, New York State Common Retirement Fund bought a new stake in shares of ServiceTitan in the 4th quarter valued at $3,692,000.

ServiceTitan Price Performance

TTAN stock opened at $104.63 on Friday. ServiceTitan has a 12 month low of $91.04 and a 12 month high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its quarterly earnings data on Monday, January 13th. The company reported ($1.18) EPS for the quarter. As a group, equities analysts predict that ServiceTitan will post -1.51 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.