ServiceTitan (NASDAQ:TTAN) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

ServiceTitan (NASDAQ:TTAN) had its target price upped by equities researchers at BMO Capital Markets from $92.00 to $103.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 38.57% from the stock’s current price.

A number of other research firms have also recently commented on TTAN. The Goldman Sachs Group cut their price objective on ServiceTitan from $117.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Citigroup cut their price objective on ServiceTitan from $117.00 to $88.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Truist Financial set a $110.00 price objective on ServiceTitan in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of ServiceTitan in a research report on Friday. Finally, KeyCorp restated an “overweight” rating on shares of ServiceTitan in a research report on Tuesday, May 26th. Fifteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.93.

ServiceTitan Trading Up 2.3%

Shares of TTAN stock opened at $74.33 on Friday. The stock has a 50 day moving average of $62.95 and a 200 day moving average of $78.04. The stock has a market cap of $7.08 billion, a P/E ratio of -43.21 and a beta of 0.13. ServiceTitan has a twelve month low of $54.17 and a twelve month high of $119.99.

ServiceTitan (NASDAQ:TTAN) last posted its quarterly earnings data on Thursday, June 4th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $268.82 million during the quarter, compared to analysts’ expectations of $256.65 billion. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The business’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. On average, research analysts predict that ServiceTitan will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at ServiceTitan

In other news, CFO David Sherry sold 17,778 shares of ServiceTitan stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $1,241,971.08. Following the sale, the chief financial officer directly owned 313,025 shares of the company’s stock, valued at $21,867,926.50. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Vahe Kuzoyan sold 3,220 shares of ServiceTitan stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $69.86, for a total value of $224,949.20. Following the completion of the sale, the president directly owned 1 shares in the company, valued at $69.86. This represents a 99.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 33,440 shares of company stock valued at $2,281,468. Insiders own 39.89% of the company’s stock.

Institutional Trading of ServiceTitan

A number of institutional investors have recently made changes to their positions in TTAN. Vanguard Group Inc. boosted its stake in ServiceTitan by 538.4% during the third quarter. Vanguard Group Inc. now owns 4,429,930 shares of the company’s stock worth $446,670,000 after buying an additional 3,735,968 shares during the last quarter. Thornburg Investment Management Inc. acquired a new position in ServiceTitan during the third quarter worth $8,338,000. Sandhill Capital Partners LLC acquired a new position in ServiceTitan during the third quarter worth $27,062,000. Renaissance Capital LLC boosted its stake in ServiceTitan by 222.8% during the fourth quarter. Renaissance Capital LLC now owns 41,223 shares of the company’s stock worth $4,390,000 after buying an additional 28,454 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in ServiceTitan during the third quarter worth $84,983,000.

More ServiceTitan News

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan beat Q1 expectations, posting adjusted EPS of $0.37 versus the $0.28 consensus and revenue of $268.8 million, ahead of estimates, while revenue rose 24.6% year over year. ServiceTitan earnings report and conference call
• Positive Sentiment: The company lifted its fiscal second-quarter and full-year revenue guidance, signaling management confidence in continued demand and execution. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Coverage highlighting post-earnings trading said TTAN surged in after-hours activity as investors focused on the strong quarter and raised outlook. TTAN Stock Surges 14% After-Hours As ServiceTitan Delivers Strong Quarter, Lifts Guidance
• Neutral Sentiment: Investors are also watching for AI-related growth commentary, but that appears to be a secondary theme versus the earnings and guidance update. ServiceTitan heads into earnings spotlight as investors look for fresh AI growth signals
• Negative Sentiment: Despite the beat, ServiceTitan still reported a net loss and negative margins, so profitability remains a risk factor for the stock. ServiceTitan stock and fundamentals

About ServiceTitan

ServiceTitan, Inc (NASDAQ: TTAN) is a cloud-based software provider specializing in end-to-end business management solutions for residential and commercial trade contractors. The company’s platform integrates customer relationship management, scheduling and dispatch, mobile workforce management, invoicing, payments and reporting tools into a single suite. By automating key back-office processes, ServiceTitan helps field service businesses improve operational efficiency, enhance customer experience and drive revenue growth.

At the core of ServiceTitan’s offering is a mobile application that allows technicians to access job details, update work orders, capture signatures and process payments from the field.