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

ServiceTitan Inc. (NASDAQ:TTAN) has been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $116.17.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 price objective for the company. Citigroup upped their price objective on shares of ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Truist Financial assumed coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a “buy” rating and a $120.00 price objective for the company. Robert W. Baird assumed coverage on shares of ServiceTitan in a research report on Friday, December 27th. They set an “outperform” rating and a $117.00 price objective for the company. Finally, KeyCorp began coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set an “overweight” rating and a $120.00 price objective for the company.

ServiceTitan Stock Performance

TTAN stock opened at $92.88 on Tuesday. The company has a 50-day simple moving average of $99.38. ServiceTitan has a 52 week low of $91.04 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) earnings per share for the quarter. On average, analysts predict that ServiceTitan will post -1.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TTAN. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan in the fourth quarter valued at approximately $26,000. Assetmark Inc. acquired a new stake in ServiceTitan during the 4th quarter valued at approximately $67,000. FIL Ltd acquired a new stake in ServiceTitan during the 4th quarter valued at approximately $67,000. Tower Research Capital LLC TRC acquired a new stake in ServiceTitan during the 4th quarter valued at approximately $91,000. Finally, Insight Holdings Group LLC acquired a new stake in ServiceTitan during the 4th quarter valued at approximately $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.