ServiceTitan (NASDAQ:TTAN) Given New $90.00 Price Target at Loop Capital

ServiceTitan (NASDAQ:TTANGet Free Report) had its target price reduced by Loop Capital from $105.00 to $90.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price target would suggest a potential downside of 3.23% from the stock’s previous close.

TTAN has been the subject of several other research reports. Morgan Stanley raised their price objective on shares of ServiceTitan from $104.00 to $107.00 and gave the company an “equal weight” rating in a research report on Friday. Piper Sandler restated an “overweight” rating and set a $125.00 price objective on shares of ServiceTitan in a research report on Friday. Stifel Nicolaus reduced their price objective on shares of ServiceTitan from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday. 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, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of ServiceTitan in a research note on Friday. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.33.

Read Our Latest Stock Analysis on TTAN

ServiceTitan Price Performance

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

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

Institutional Trading of ServiceTitan

A number of hedge funds have recently made changes to their positions in TTAN. Principal Financial Group Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter worth approximately $25,365,000. New York State Common Retirement Fund purchased a new stake in shares of ServiceTitan in the fourth quarter worth approximately $3,692,000. TimesSquare Capital Management LLC purchased a new stake in shares of ServiceTitan in the fourth quarter worth approximately $87,896,000. SBI Securities Co. Ltd. purchased a new stake in shares of ServiceTitan in the fourth quarter worth approximately $26,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of ServiceTitan in the fourth quarter worth approximately $10,450,000.

About ServiceTitan

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ServiceTitan (NASDAQ:TTAN)

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