ServiceTitan (NASDAQ:TTAN) Price Target Raised to $125.00

Key Points

• TD Cowen raised its price target on ServiceTitan from $110 to $125 and kept a buy rating, implying nearly 59% upside from the prior close.
• Analyst sentiment is broadly positive, with several firms recently lifting targets or reiterating bullish ratings; the consensus target now stands at $112.93 with a Moderate Buy rating.
• ServiceTitan’s latest quarter beat expectations, posting EPS of $0.37 on revenue of $268.8 million, while revenue rose 24.6% year over year and management raised guidance.

ServiceTitan (NASDAQ:TTAN - Get Free Report) had its price objective hoisted by equities researchers at TD Cowen from $110.00 to $125.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price suggests a potential upside of 58.98% from the stock's previous close.

A number of other research firms also recently commented on TTAN. Stifel Nicolaus set a $125.00 target price on ServiceTitan in a research report on Wednesday, May 27th. William Blair restated an "outperform" rating on shares of ServiceTitan in a research report on Friday, March 13th. BMO Capital Markets upped their price objective on ServiceTitan from $92.00 to $103.00 and gave the company an "outperform" rating in a research report on Friday. Piper Sandler upped their price objective on ServiceTitan from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Citigroup reduced their price objective on ServiceTitan from $117.00 to $88.00 and set a "neutral" rating on the stock in a research report on Friday, March 13th. Fifteen 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $112.93.

ServiceTitan Stock Up 5.8%

TTAN stock traded up $4.30 on Friday, reaching $78.63. 2,779,121 shares of the company's stock were exchanged, compared to its average volume of 1,372,072. The stock has a fifty day moving average of $62.95 and a 200-day moving average of $78.04. ServiceTitan has a twelve month low of $54.17 and a twelve month high of $119.99. The firm has a market cap of $7.49 billion, a PE ratio of -45.54 and a beta of 0.13.

ServiceTitan (NASDAQ:TTAN - Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. ServiceTitan had a negative return on equity of 6.86% and a negative net margin of 16.64%.The firm had revenue of $268.82 million for the quarter, compared to analyst estimates of $256.65 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. ServiceTitan's quarterly revenue was up 24.6% on a year-over-year basis. On average, equities research analysts predict that ServiceTitan will post -0.62 EPS for the current fiscal year.

Insider Transactions at ServiceTitan

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

Institutional Investors Weigh In On ServiceTitan

Large investors have recently modified their holdings of the stock. Woodline Partners LP grew its stake in ServiceTitan by 4.6% during the 1st quarter. Woodline Partners LP now owns 2,141 shares of the company's stock valued at $204,000 after purchasing an additional 95 shares in the last quarter. Cetera Investment Advisers acquired a new stake in ServiceTitan during the 2nd quarter valued at approximately $345,000. Russell Investments Group Ltd. acquired a new stake in ServiceTitan during the 2nd quarter valued at approximately $500,000. Northwestern Mutual Wealth Management Co. grew its stake in ServiceTitan by 1,005.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company's stock valued at $46,000 after purchasing an additional 392 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ServiceTitan during the 2nd quarter valued at approximately $393,000.

Key Headlines Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: ServiceTitan beat Q1 expectations with EPS of $0.37 versus the $0.28 consensus and revenue of $268.8 million, up 24.6% year over year, while management also raised guidance for the full year and the next quarter. ServiceTitan Announces Fiscal First Quarter Financial Results
• Positive Sentiment: Wall Street responded favorably, with BMO Capital Markets, BTIG, and Piper Sandler all raising price targets and reiterating bullish ratings, signaling higher confidence in the company’s growth outlook. Analyst target updates via Benzinga/The Fly
• Positive Sentiment: Commentary following the report highlighted strong AI-related growth, high customer retention, and switching costs that support long-term revenue momentum. ServiceTitan Q1: I Like The Company, Not The Stock
• Neutral Sentiment: Some analysis noted that while the business is growing quickly, ongoing operating losses and stock-based compensation remain a concern for profitability. ServiceTitan Q1: I Like The Company, Not The Stock
• Negative Sentiment: Despite the rally, the company still reported a negative operating margin and net loss, which may temper enthusiasm if investors focus on the path to sustained profitability. Earnings transcript and report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.