On Jan 06, major Wall Street analysts update their ratings for $ServiceTitan (TTAN.US)$, with price targets ranging from $120 to $125.
Wells Fargo analyst Michael Turrin initiates coverage with a buy rating, and sets the target price at $125.
Needham analyst Scott Berg initiates coverage with a buy rating, and sets the target price at $125.
Stifel analyst J. Parker Lane initiates coverage with a buy rating, and sets the target price at $120.
KeyBanc analyst Jason Celino initiates coverage with a buy rating, and sets the target price at $120.
William Blair analyst Dylan Becker initiates coverage with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $ServiceTitan (TTAN.US)$'s main analysts recently are as follows:
ServiceTitan operates in large, expanding markets, displaying strong competitive differentiation and market leadership, accompanied by a consistent track record of innovation and powerful growth vectors. The current valuation of the shares is seen as fair.
ServiceTitan, a cloud-based, end-to-end platform, is designed to digitize and streamline business workflows for field service trades like plumbing and electrical. Analysts are optimistic about the company's potential to evolve into a strong vertical software-as-a-service business, potentially generating $4B-$5B in revenue. However, it is noted that the market already recognizes the company's positive factors, suggesting a cautionary approach towards the risk/reward ratio at current levels.
ServiceTitan is recognized for offering a unique blend of attributes that not only enhance short-term but also long-term share value. These attributes include a dominant position in the vertical SaaS market, targeting a large and expanding total addressable market, continuous customer growth, and strong unit economics. In the near-term, earning potential is seen to benefit from newfound strengths in the Electrical trade and expansion into the Commercial sector.
ServiceTitan is positioned to potentially become the primary operating system for the trades, with a broad and growing total addressable market contributing to steady compounding growth and promising long-term margin potential.
The trades sector is described as being underserved, with many businesses not yet incorporating essential software functionalities common in other industries. ServiceTitan is highlighted as a leading entity in this particular market segment.
Here are the latest investment ratings and price targets for $ServiceTitan (TTAN.US)$ from 8 analysts:
Note:
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