KeyCorp Forecasts Strong Price Appreciation for ServiceTitan (NASDAQ:TTAN) Stock

by · The Markets Daily

ServiceTitan (NASDAQ:TTAN – Get Free Report) had its target price increased by research analysts at KeyCorp from $120.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 11.67% from the company’s previous close.

TTAN has been the subject of several other reports. Morgan Stanley raised their price target on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. Canaccord Genuity Group raised their target price on shares of ServiceTitan from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Wednesday, April 9th. Truist Financial started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They set a “buy” rating and a $120.00 price objective for the company. Finally, TD Cowen initiated coverage on ServiceTitan in a research report on Tuesday, April 8th. They issued a “buy” rating and a $120.00 target price on the stock. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceTitan has a consensus rating of “Moderate Buy” and a consensus target price of $117.08.

View Our Latest Analysis on ServiceTitan

ServiceTitan Stock Down 0.5 %

TTAN stock opened at $125.37 on Friday. ServiceTitan has a fifty-two week low of $79.81 and a fifty-two week high of $128.16. The stock’s 50-day moving average price is $98.34.

Insider Buying and Selling at ServiceTitan

In other news, CFO David Sherry sold 10,175 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total transaction of $963,063.75. Following the completion of the sale, the chief financial officer now owns 325,409 shares in the company, valued at $30,799,961.85. The trade was a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michele O’connor sold 5,494 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $94.65, for a total value of $520,007.10. Following the transaction, the chief accounting officer now owns 89,302 shares in the company, valued at approximately $8,452,434.30. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here.

Institutional Investors Weigh In On ServiceTitan

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

ServiceTitan Company Profile

(Get Free Report)

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.

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