Loop Capital Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $90.00

ServiceTitan (NASDAQ:TTAN) had its price objective lowered by Loop Capital from $105.00 to $90.00 in a research note issued to investors on Friday morning,Benzinga reports. Loop Capital currently has a hold rating on the stock.

TTAN has been the subject of a number of other research reports. Wells Fargo & Company initiated coverage on ServiceTitan in a research note on Monday, January 6th. They issued an “overweight” rating and a $125.00 target price for the company. KeyCorp started coverage on ServiceTitan in a report on Monday, January 6th. They issued an “overweight” rating and a $120.00 price target for the company. William Blair started coverage on ServiceTitan in a report on Monday, January 6th. They issued an “outperform” rating for the company. Baird R W raised ServiceTitan to a “strong-buy” rating in a report on Friday, December 27th. Finally, The Goldman Sachs Group started coverage on ServiceTitan in a report on Monday, January 6th. They issued a “neutral” rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.33.

ServiceTitan Stock Up 12.9 %

TTAN stock opened at $93.00 on Friday. ServiceTitan has a 1 year low of $79.81 and a 1 year high of $112.00. The company has a 50-day moving average of $97.14.

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

Hedge Funds Weigh In On ServiceTitan

Several hedge funds have recently modified their holdings of TTAN. Principal Financial Group Inc. acquired a new position in shares of ServiceTitan during the 4th quarter valued at $25,365,000. New York State Common Retirement Fund acquired a new position in shares of ServiceTitan during the 4th quarter valued at $3,692,000. TimesSquare Capital Management LLC acquired a new position in shares of ServiceTitan during the 4th quarter valued at $87,896,000. SBI Securities Co. Ltd. acquired a new position in shares of ServiceTitan during the 4th quarter valued at $26,000. Finally, Victory Capital Management Inc. acquired a new position in shares of ServiceTitan in the 4th quarter worth $10,450,000.

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.