ServiceTitan (NASDAQ:TTAN) Price Target Lowered to $115.00 at BMO Capital Markets

ServiceTitan (NASDAQ:TTAN) had its target price reduced by research analysts at BMO Capital Markets from $129.00 to $115.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 33.32% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Morgan Stanley lifted their target price on ServiceTitan from $109.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, September 5th. Piper Sandler reissued an “overweight” rating and set a $155.00 price objective on shares of ServiceTitan in a report on Friday, September 19th. Canaccord Genuity Group raised their target price on shares of ServiceTitan from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Stifel Nicolaus lifted their price target on shares of ServiceTitan from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of ServiceTitan in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ServiceTitan presently has a consensus rating of “Moderate Buy” and an average target price of $131.73.

ServiceTitan Trading Up 0.3%

TTAN opened at $86.26 on Thursday. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $131.33. The stock has a market capitalization of $8.02 billion and a PE ratio of -15.97. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $99.46 and a two-hundred day moving average price of $107.19.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, September 4th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.40). The company had revenue of $242.12 million for the quarter, compared to the consensus estimate of $229.58 million. ServiceTitan had a negative net margin of 26.08% and a negative return on equity of 16.87%. ServiceTitan’s quarterly revenue was up 25.5% compared to the same quarter last year. ServiceTitan has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts anticipate that ServiceTitan will post -1.98 earnings per share for the current fiscal year.

Insider Activity

In other ServiceTitan news, CEO Ara Mahdessian sold 46,542 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $91.40, for a total value of $4,253,938.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bessemer Venture Partners Viii sold 370,557 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $117.79, for a total value of $43,647,909.03. Following the sale, the insider directly owned 7,595,777 shares in the company, valued at approximately $894,706,572.83. This represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,121,690 shares of company stock valued at $126,740,332 in the last quarter. Company insiders own 51.72% of the company’s stock.

Institutional Trading of ServiceTitan

Several hedge funds have recently bought and sold shares of TTAN. Cloud Capital Management LLC acquired a new position in shares of ServiceTitan in the third quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its position in ServiceTitan by 1,005.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 392 shares in the last quarter. Whittier Trust Co. acquired a new position in ServiceTitan in the 3rd quarter worth $52,000. Parallel Advisors LLC increased its holdings in ServiceTitan by 161.7% during the 3rd quarter. Parallel Advisors LLC now owns 526 shares of the company’s stock worth $53,000 after purchasing an additional 325 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of ServiceTitan in the 2nd quarter valued at about $79,000.

About ServiceTitan

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.