ServiceTitan (NASDAQ:TTAN) Price Target Raised to $130.00 at Canaccord Genuity Group

ServiceTitan (NASDAQ:TTAN - Get Free Report) had its target price hoisted by research analysts at Canaccord Genuity Group from $120.00 to $130.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 7.88% from the company's current price.

Several other brokerages have also recently weighed in on TTAN. Morgan Stanley boosted their price target on shares of ServiceTitan from $104.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Truist Financial began coverage on shares of ServiceTitan in a report on Monday, January 6th. They issued a "buy" rating and a $120.00 price target for the company. KeyCorp began coverage on ServiceTitan in a research note on Monday, January 6th. They issued an "overweight" rating and a $120.00 price objective for the company. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research report on Monday, January 6th. They set a "neutral" rating and a $100.00 price objective on the stock. Finally, William Blair started coverage on shares of ServiceTitan in a report on Monday, January 6th. They set an "outperform" rating on the stock. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ServiceTitan has an average rating of "Moderate Buy" and a consensus target price of $115.54.

ServiceTitan Trading Up 2.4 %

Shares of TTAN stock traded up $2.79 during trading hours on Thursday, hitting $120.50. The stock had a trading volume of 200,300 shares, compared to its average volume of 377,508. ServiceTitan has a one year low of $79.81 and a one year high of $123.48. The business has a 50-day simple moving average of $96.47.

Insider Activity

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

Institutional Investors Weigh In On ServiceTitan

Hedge funds have recently modified their holdings of the company. Deer Management Co. LLC acquired a new stake in ServiceTitan in the fourth quarter valued at approximately $925,943,000. TPG GP A LLC acquired a new position in ServiceTitan during the fourth quarter worth $525,405,000. Battery Management Corp. purchased a new position in ServiceTitan during the fourth quarter valued at $496,599,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of ServiceTitan in the fourth quarter valued at about $233,937,000. Finally, Dragoneer Investment Group LLC purchased a new stake in shares of ServiceTitan during the fourth quarter worth about $210,777,000.

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.