While ServiceTitan Inc has underperformed by -1.21%, investors are advised to look at stock chart patterns for technical insight.
On January 06, 2025, William Blair started tracking ServiceTitan Inc (NASDAQ: TTAN) recommending Outperform. A report published by Wells Fargo on January 06, 2025, Initiated its previous ‘Overweight’ rating for TTAN. Truist also rated TTAN shares as ‘Buy’, setting a target price of $120 on the company’s shares in an initiating report dated January 06, 2025. Stifel Initiated an Buy rating on January 06, 2025, and assigned a price target of $120. Piper Sandler initiated its ‘Overweight’ rating for TTAN, as published in its report on January 06, 2025. Needham’s report from January 06, 2025 suggests a price prediction of $125 for TTAN shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of ServiceTitan Inc (TTAN)
Further, the quarter-over-quarter increase in sales is 29.37%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of ServiceTitan Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 1.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and TTAN is recording an average volume of 307.95K. On a monthly basis, the volatility of the stock is set at 4.87%, whereas on a weekly basis, it is put at 5.34%, with a gain of 14.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $114.25, showing growth from the present price of $94.12, which can serve as yet another indication of whether TTAN is worth investing in or should be passed over.
How Do You Analyze ServiceTitan Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 66.36%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 22.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TTAN shares are owned by institutional investors to the tune of 22.35% at present.
