ServiceTitan (NASDAQ:TTAN) Given New $100.00 Price Target at Stifel Nicolaus

by · The Markets Daily

ServiceTitan (NASDAQ:TTANGet Free Report) had its price target decreased by stock analysts at Stifel Nicolaus from $125.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 75.34% from the company’s previous close.

A number of other research analysts also recently commented on the stock. KeyCorp lowered their price objective on shares of ServiceTitan from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday. Piper Sandler decreased their target price on shares of ServiceTitan from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday. Weiss Ratings raised shares of ServiceTitan from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Morgan Stanley set a $92.00 price target on shares of ServiceTitan in a report on Wednesday. Finally, Wells Fargo & Company dropped their price target on shares of ServiceTitan from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.12.

Check Out Our Latest Research Report on ServiceTitan

ServiceTitan Trading Down 30.1%

NASDAQ TTAN traded down $24.55 during trading on Wednesday, reaching $57.03. 11,595,672 shares of the company’s stock were exchanged, compared to its average volume of 1,487,039. ServiceTitan has a fifty-two week low of $54.17 and a fifty-two week high of $119.60. The firm has a market capitalization of $5.44 billion, a PE ratio of -38.93 and a beta of 0.11. The company’s fifty day simple moving average is $84.66 and its 200-day simple moving average is $72.69.

ServiceTitan (NASDAQ:TTANGet Free Report) last issued its earnings results on Tuesday, September 8th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $292.76 million for the quarter, compared to the consensus estimate of $285.89 million. ServiceTitan had a negative return on equity of 5.59% and a negative net margin of 13.44%.The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Equities analysts forecast that ServiceTitan will post -0.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David Sherry sold 9,000 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $90.83, for a total transaction of $817,470.00. Following the transaction, the chief financial officer owned 386,757 shares in the company, valued at approximately $35,129,138.31. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Vahe Kuzoyan sold 16,388 shares of ServiceTitan stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $88.95, for a total transaction of $1,457,712.60. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 514,837 shares of company stock valued at $39,203,222. 39.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On ServiceTitan

Several hedge funds have recently bought and sold shares of TTAN. California State Teachers Retirement System lifted its position in shares of ServiceTitan by 7,065.5% in the second quarter. California State Teachers Retirement System now owns 4,537,461 shares of the company’s stock worth $320,844,000 after buying an additional 4,474,137 shares during the last quarter. Norges Bank acquired a new position in shares of ServiceTitan during the 4th quarter valued at about $112,678,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of ServiceTitan in the 4th quarter valued at approximately $89,702,000. Madison Asset Management LLC bought a new position in shares of ServiceTitan in the 2nd quarter valued at approximately $56,118,000. Finally, Atreides Management LP acquired a new stake in ServiceTitan in the 2nd quarter worth approximately $68,679,000.

More ServiceTitan News

Here are the key news stories impacting ServiceTitan this week:

  • Positive Sentiment: ServiceTitan reported fiscal Q2 adjusted earnings of $0.40 per share, above the $0.35 consensus estimate, while revenue of $292.76 million increased 20.9% year over year and exceeded expectations of approximately $285.9 million. ServiceTitan earnings report
  • Positive Sentiment: Several analysts maintained bullish ratings and still see substantial upside: BTIG reaffirmed “buy” with a $110 target, while KeyCorp, Piper Sandler, BMO Capital Markets and Robert W. Baird retained positive ratings. TD Cowen also maintained “buy,” with a $100 target. Analysts cited potential long-term growth from ServiceTitan’s artificial-intelligence initiatives. ServiceTitan analyst price targets
  • Neutral Sentiment: ServiceTitan named longtime executive Rikus Pretorius as its next chief revenue officer. Outgoing CRO Ross Biestman will remain through the end of the fiscal year, creating continuity but adding uncertainty around the company’s sales execution and growth strategy. ServiceTitan CRO appointment
  • Negative Sentiment: Management’s fiscal Q3 revenue outlook of $285 million to $287 million came in below the roughly $287.8 million analyst consensus. The guidance implied slower near-term growth and outweighed the quarterly beat for investors. ServiceTitan Q3 revenue forecast
  • Negative Sentiment: Analysts responded by lowering price targets, including TD Cowen to $100 from $125, Baird to $85 from $101, BMO to $90 from $103, and KeyCorp to $110 from $120. Although the firms kept favorable ratings, the reductions signal reduced expectations for near-term performance.
  • Negative Sentiment: The company remains unprofitable, with a negative net margin of 13.44% and negative return on equity of 5.59%, increasing investor sensitivity to any slowdown in revenue growth or execution.

About ServiceTitan

(Get Free Report)

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.

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