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

Needham & Company LLC reaffirmed their buy rating on shares of ServiceTitan (NASDAQ:TTAN) in a research note issued to investors on Friday,Benzinga reports. They currently have a $125.00 price objective on the stock.

A number of other brokerages also recently issued reports on TTAN. The Goldman Sachs Group assumed coverage on ServiceTitan in a research note on Monday, January 6th. They set a “neutral” rating and a $100.00 price objective for the company. Citigroup boosted their price objective on ServiceTitan from $109.00 to $113.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Baird R W upgraded ServiceTitan to a “strong-buy” rating in a research note on Friday, December 27th. Stifel Nicolaus assumed coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Truist Financial assumed coverage on ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price objective for the company. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

ServiceTitan Stock Up 12.9 %

Shares of NASDAQ:TTAN opened at $93.00 on Friday. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $112.00. The stock has a 50-day simple moving average of $97.14.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Monday, January 13th. The company reported ($1.18) EPS for the quarter. Sell-side analysts forecast that ServiceTitan will post -1.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTAN. Principal Financial Group Inc. acquired a new stake in ServiceTitan in the fourth quarter valued at approximately $25,365,000. New York State Common Retirement Fund acquired a new stake in shares of ServiceTitan in the fourth quarter worth approximately $3,692,000. TimesSquare Capital Management LLC acquired a new stake in shares of ServiceTitan in the fourth quarter worth approximately $87,896,000. SBI Securities Co. Ltd. acquired a new stake in shares of ServiceTitan in the fourth quarter worth approximately $26,000. Finally, Victory Capital Management Inc. acquired a new position in ServiceTitan during the fourth quarter worth $10,450,000.

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.