ServiceTitan (NASDAQ:TTAN) Now Covered by Analysts at BMO Capital Markets

Key Points

• BMO Capital Markets has initiated coverage on ServiceTitan (NASDAQ:TTAN) with an "outperform" rating, setting a price target of $129.00, indicating a potential upside of 19.42% from its current price.
• ServiceTitan's stock recently saw a price opening of $108.02 with a 52-week high of $131.33, suggesting strong market interest and performance.
• The company reported earnings of $0.18 EPS for the last quarter, surpassing analyst expectations and demonstrating a 26.6% year-over-year revenue growth.

BMO Capital Markets started coverage on shares of ServiceTitan (NASDAQ:TTAN - Free Report) in a report issued on Thursday, MarketBeat.com reports. The brokerage issued an outperform rating and a $129.00 target price on the stock.

Several other brokerages have also recently issued reports on TTAN. TD Securities lifted their target price on shares of ServiceTitan from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Piper Sandler reaffirmed an "overweight" rating and set a $150.00 price objective (up previously from $125.00) on shares of ServiceTitan in a research note on Tuesday, July 22nd. Morgan Stanley raised their target price on shares of ServiceTitan from $107.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, June 6th. Cowen restated a "buy" rating on shares of ServiceTitan in a report on Wednesday, May 21st. Finally, Stifel Nicolaus increased their price target on ServiceTitan from $110.00 to $125.00 and gave the company a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.00.

ServiceTitan Stock Down 0.7%

NASDAQ:TTAN traded down $0.79 during trading hours on Thursday, reaching $107.23. 688,837 shares of the company were exchanged, compared to its average volume of 714,692. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.82 and a current ratio of 4.82. ServiceTitan has a twelve month low of $79.81 and a twelve month high of $131.33. The stock's 50-day moving average is $108.99 and its 200-day moving average is $106.85.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The company had revenue of $215.69 million for the quarter, compared to analyst estimates of $208.61 million. The business's revenue was up 26.6% on a year-over-year basis. ServiceTitan has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Research analysts expect that ServiceTitan will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling at ServiceTitan

In related news, major shareholder Bessemer Venture Partners Viii sold 8,706 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $110.24, for a total transaction of $959,749.44. Following the completion of the transaction, the insider owned 7,966,334 shares of the company's stock, valued at approximately $878,208,660.16. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ara Mahdessian sold 45,185 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $103.71, for a total value of $4,686,136.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,546,850 shares of company stock valued at $164,753,189. 51.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ServiceTitan

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of ServiceTitan in the fourth quarter valued at approximately $529,000. Bank of America Corp DE purchased a new position in ServiceTitan in the fourth quarter valued at approximately $540,000. Nuveen Asset Management LLC acquired a new stake in ServiceTitan during the fourth quarter worth approximately $7,793,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of ServiceTitan during the 4th quarter worth approximately $1,543,000. Finally, Barclays PLC purchased a new stake in shares of ServiceTitan during the 4th quarter worth approximately $267,000.

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.