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

ServiceTitan (NASDAQ:TTAN) had its target price raised by Morgan Stanley from $104.00 to $107.00 in a research report report published on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other brokerages have also commented on TTAN. The Goldman Sachs Group started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “neutral” rating and a $100.00 price target on the stock. William Blair started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued an “outperform” rating on the stock. Truist Financial started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “buy” rating and a $120.00 price target on the stock. Loop Capital started coverage on shares of ServiceTitan in a research note on Monday, January 6th. They issued a “hold” rating and a $105.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of ServiceTitan in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $114.33.

ServiceTitan Trading Up 12.9 %

Shares of NASDAQ TTAN opened at $93.00 on Friday. The stock has a 50-day simple moving average of $97.14. ServiceTitan has a 52-week low of $79.81 and a 52-week high of $112.00.

ServiceTitan (NASDAQ:TTAN) last issued its earnings results on Monday, January 13th. The company reported ($1.18) earnings per share (EPS) for the quarter. As a group, analysts anticipate that ServiceTitan will post -1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On ServiceTitan

Several institutional investors and hedge funds have recently modified their holdings of TTAN. Deer Management Co. LLC acquired a new stake in shares of ServiceTitan in the 4th quarter valued at $925,943,000. TPG GP A LLC bought a new position in ServiceTitan in the 4th quarter worth $525,405,000. Battery Management Corp. bought a new position in ServiceTitan in the 4th quarter worth $496,599,000. Price T Rowe Associates Inc. MD bought a new position in ServiceTitan in the 4th quarter worth $233,937,000. Finally, Dragoneer Investment Group LLC bought a new position in ServiceTitan in the 4th quarter worth $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.