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

ServiceTitan (NASDAQ:TTAN) had its price objective decreased by BMO Capital Markets from $129.00 to $115.00 in a research report sent to investors on Thursday morning, Marketbeat.com reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on TTAN. Raymond James Financial assumed coverage on ServiceTitan in a research report on Friday, August 29th. They set a “market perform” rating for the company. Canaccord Genuity Group increased their price target on ServiceTitan from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of ServiceTitan in a research note on Friday, September 5th. Morgan Stanley upped their price objective on shares of ServiceTitan from $109.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, September 5th. Finally, Truist Financial set a $130.00 target price on shares of ServiceTitan in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ServiceTitan presently has an average rating of “Moderate Buy” and a consensus price target of $131.73.

ServiceTitan Price Performance

Shares of TTAN opened at $86.75 on Thursday. ServiceTitan has a 1-year low of $79.81 and a 1-year high of $131.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.49 and a quick ratio of 4.49. The stock has a market cap of $8.06 billion and a PE ratio of -16.06. The firm has a fifty day moving average price of $98.29 and a 200 day moving average price of $106.77.

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

Insider Transactions at ServiceTitan

In other ServiceTitan news, President Vahe Kuzoyan sold 16,388 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $92.03, for a total transaction of $1,508,187.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Bessemer Venture Partners Viii sold 492 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $101.33, for a total transaction of $49,854.36. Following the transaction, the insider directly owned 7,089,795 shares of the company’s stock, valued at approximately $718,408,927.35. This trade represents a 0.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,121,690 shares of company stock worth $126,740,332. 51.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTAN. CIBC Bancorp USA Inc. purchased a new stake in shares of ServiceTitan during the third quarter worth about $84,983,000. Dark Forest Capital Management LP acquired a new stake in ServiceTitan during the 3rd quarter worth approximately $1,677,000. Voleon Capital Management LP purchased a new position in shares of ServiceTitan in the 3rd quarter valued at $1,945,000. Voloridge Investment Management LLC raised its position in ServiceTitan by 306.3% in the third quarter. Voloridge Investment Management LLC now owns 500,045 shares of the company’s stock valued at $50,420,000 after purchasing an additional 376,980 shares during the period. Finally, Verition Fund Management LLC raised its holdings in shares of ServiceTitan by 113.4% during the 3rd quarter. Verition Fund Management LLC now owns 83,671 shares of the company’s stock valued at $8,437,000 after buying an additional 44,470 shares during the period.

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.