Needham & Company LLC Reaffirms “Buy” Rating for ServiceTitan (NASDAQ:TTAN)

Needham & Company LLC reissued their buy rating on shares of ServiceTitan (NASDAQ:TTAN) in a research report report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a $125.00 price target on the stock.

A number of other equities analysts also recently commented on the company. Citigroup lifted their price target on ServiceTitan from $109.00 to $113.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Piper Sandler started coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 price target for the company. KeyCorp began coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $120.00 price target for the company. William Blair began coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating on the stock. Finally, Loop Capital began coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a “hold” rating and a $105.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ServiceTitan has an average rating of “Moderate Buy” and an average price target of $114.33.

ServiceTitan Price Performance

Shares of ServiceTitan stock opened at $93.00 on Friday. The firm’s 50-day simple moving average is $97.14. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $112.00.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings results on Thursday, March 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $209.30 million during the quarter, compared to analyst estimates of $200.11 million. The company’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, analysts predict that ServiceTitan will post -1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $87,896,000. Battery Management Corp. bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $496,599,000. Burkehill Global Management LP bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $5,144,000. New York State Common Retirement Fund bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $3,692,000. Finally, Principal Financial Group Inc. bought a new stake in shares of ServiceTitan during the fourth quarter valued at approximately $25,365,000.

ServiceTitan Company Profile

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.