ServiceTitan Inc.’s (NASDAQ:TTAN) Quiet Period Set To Expire Tomorrow

ServiceTitan’s (NASDAQ:TTAN) quiet period is set to end on Tuesday, January 21st. ServiceTitan had issued 8,800,000 shares in its IPO on December 12th. The total size of the offering was $624,800,000 based on an initial share price of $71.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Several research firms have recently commented on TTAN. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of ServiceTitan in a research note on Monday, January 13th. Stifel Nicolaus initiated coverage on ServiceTitan in a research report on Monday, January 6th. They issued a “buy” rating and a $120.00 target price on the stock. Wells Fargo & Company initiated coverage on ServiceTitan in a research report on Monday, January 6th. They issued an “overweight” rating and a $125.00 target price on the stock. KeyCorp began coverage on ServiceTitan in a report on Monday, January 6th. They set an “overweight” rating and a $120.00 price target on the stock. Finally, Morgan Stanley began coverage on ServiceTitan in a research note on Monday, January 6th. They set an “equal weight” rating and a $104.00 target price for the company. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ServiceTitan currently has an average rating of “Moderate Buy” and an average price target of $116.17.

ServiceTitan Stock Down 2.2 %

NASDAQ:TTAN opened at $98.12 on Monday. ServiceTitan has a 1-year low of $91.04 and a 1-year high of $112.00.

ServiceTitan (NASDAQ:TTAN) last announced its quarterly earnings data on Monday, January 13th. The company reported ($1.18) EPS for the quarter.

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.