ServiceTitan (NASDAQ:TTAN) Shares Gap Down After Analyst Downgrade

ServiceTitan Inc. (NASDAQ:TTAN)’s share price gapped down before the market opened on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $117.00 to $84.00. The stock had previously closed at $70.91, but opened at $68.66. The Goldman Sachs Group currently has a neutral rating on the stock. ServiceTitan shares last traded at $71.1940, with a volume of 200,938 shares.

Other equities research analysts have also issued reports about the company. TD Cowen raised their price objective on ServiceTitan from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, March 13th. Citigroup cut their target price on ServiceTitan from $117.00 to $88.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. William Blair reiterated an “outperform” rating on shares of ServiceTitan in a research report on Friday. BTIG Research decreased their price target on ServiceTitan from $130.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, KeyCorp dropped their price target on ServiceTitan from $140.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.56.

Insider Buying and Selling at ServiceTitan

In related news, CEO Ara Mahdessian sold 32,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $98.50, for a total transaction of $3,152,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David Sherry sold 833 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $91.30, for a total value of $76,052.90. Following the sale, the chief financial officer directly owned 330,948 shares in the company, valued at $30,215,552.40. The trade was a 0.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 49,366 shares of company stock valued at $4,889,811. Corporate insiders own 51.72% of the company’s stock.

Key Stories Impacting ServiceTitan

Here are the key news stories impacting ServiceTitan this week:

• Positive Sentiment: SPS PoolCare, the largest U.S. residential pool‑service platform, is standardizing 30+ branch locations on ServiceTitan — a sizable enterprise customer win that supports revenue scale, accelerates rollup/integration of acquired brands, and validates ServiceTitan’s traction in home‑services verticals. SPS PoolCare Expands Enterprise Technology Platform with ServiceTitan
• Positive Sentiment: One firm raised ServiceTitan’s price target to $135, a bullish analyst action that signals upside potential relative to current levels. ServiceTitan (NASDAQ:TTAN) Price Target Raised to $135.00
• Positive Sentiment: Piper Sandler reiterated an Overweight rating on TTAN, signaling continued institutional support from at least one sell‑side shop. ServiceTitan’s (TTAN) Overweight Rating Reiterated at Piper Sandler
• Neutral Sentiment: KeyCorp cut its price target to $120 — a downgrade in expected valuation but still above today’s levels, leaving mixed implications for near‑term investor sentiment. KeyCorp Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $120.00
• Neutral Sentiment: Goldman Sachs lowered its target (from $117 to $84) and moved to a Neutral rating — the call reduces upside expectations but keeps the stock within range for recovery depending on execution. Goldman Sachs Lowers Price Target on ServiceTitan
• Negative Sentiment: Several major brokers trimmed price targets across the board (Canaccord to $105; Needham to $100; Truist to $100; Citigroup to $88; Wells Fargo to $115; Morgan Stanley to $118). The cluster of cuts suggests analysts are modeling slower margin expansion or slower multiple re‑rating, which is pressuring the stock. Canaccord Genuity Group Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $105.00 Needham & Company LLC Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00 Truist Financial Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $100.00 Citigroup Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $88.00 Wells Fargo & Company Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $115.00 Morgan Stanley Cuts ServiceTitan (NASDAQ:TTAN) Price Target to $118.00

Institutional Investors Weigh In On ServiceTitan

Several large investors have recently modified their holdings of the business. Cloud Capital Management LLC bought a new position in shares of ServiceTitan during the 3rd quarter valued at about $25,000. Toth Financial Advisory Corp grew its position in shares of ServiceTitan by 150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 250 shares of the company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Farther Finance Advisors LLC increased its stake in ServiceTitan by 189.1% during the 4th quarter. Farther Finance Advisors LLC now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 174 shares in the last quarter. eCIO Inc. bought a new stake in ServiceTitan during the 4th quarter worth approximately $30,000. Finally, Elevation Wealth Partners LLC acquired a new stake in ServiceTitan during the 4th quarter worth approximately $36,000.

ServiceTitan Stock Down 1.8%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.14 and a current ratio of 4.14. The firm’s fifty day simple moving average is $78.20 and its 200 day simple moving average is $92.91. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of -40.48 and a beta of -0.72.

ServiceTitan (NASDAQ:TTAN) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.09. ServiceTitan had a negative net margin of 16.64% and a negative return on equity of 6.91%. The company had revenue of $253.99 million during the quarter, compared to analysts’ expectations of $245.47 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, sell-side analysts forecast that ServiceTitan Inc. will post -1.98 earnings per share for the current year.

ServiceTitan Company Profile

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.