Needham Reiterates Buy Rating on ServiceTitan, Inc. (TTAN)
Needham keeps a buy rating on ServiceTitan with a target price of $100.
Key Points
- Needham reiterated its buy rating on ServiceTitan, Inc. (TTAN) with a price target of $100 on June 17, 2026.
- ServiceTitan's stock trades at $68.8, with a market cap of about $6.35 billion and a forward P/E of 40.7.
- Insiders at ServiceTitan have been active, with recent transactions by the Chief Accounting Officer and Chief Financial Officer.
On June 17, 2026, Needham reiterated its buy rating for ServiceTitan, Inc. (NasdaqGS: TTAN), maintaining a price target of $100. The stock is currently trading at $68.8.
ServiceTitan Stock Snapshot
Shares of NasdaqGS:TTAN are trading near $68.8. ServiceTitan boasts a market cap of approximately $6.35 billion and a forward P/E ratio of 40.7. The stock's 52-week range spans from $54.17 to $119.99, with a 50-day moving average of $64.22 and a 200-day moving average of $83.92. The company maintains a strong current ratio of 4.44 and a quick ratio of 4.06, though its debt-to-equity ratio stands at 3.27.
Other Institutional Activity in ServiceTitan
ICONIQ CAPITAL, LLC holds 11,527,632 shares valued at $731.5 million, without any recent changes. DEER MANAGEMENT CO. LLC reduced its position by 727,948 shares, now holding 5,068,064 shares worth $321.6 million. KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC increased its stake by 1,405,092 shares, bringing its total to 4,869,029 shares valued at $308.99 million. FMR LLC also boosted its holdings by 1,178,783 shares, totaling 2,963,303 shares valued at $188.05 million.
Insider Buying and Selling at ServiceTitan, Inc.
Insider activity at ServiceTitan shows that Chief Accounting Officer Michele O'Connor sold 10,000 shares at an average price of $69.14 on June 9, 2026. Previously, on May 1, 2026, O'Connor purchased 12,474 shares, while Chief Financial Officer David Sherry bought 105,200 shares on the same day. Earlier transactions include O'Connor's sale of 5,000 shares at $58.93 on April 9, 2026.
Analysts Set New Price Targets
On June 17, 2026, Needham reiterated its buy rating for ServiceTitan with a target price of $100. Earlier in June, Baird maintained its buy rating with a $94 target, while TD Cowen set a high target of $125. Other firms like Truist Securities and BMO Capital also reiterated buy ratings with targets of $110 and $103, respectively. The consensus recommendation remains a strong buy, with an average target price of $108.94 from 16 analysts.
About ServiceTitan, Inc.
ServiceTitan, Inc. provides a comprehensive cloud-based software platform for contractors across the United States, Armenia, and Canada. Based in Glendale, California, and led by CEO Ara Mahdessian, the company offers products like ServiceTitan, FieldRoutes, and Aspire, which streamline business workflows such as job scheduling, dispatching, and payment processing. The firm serves a variety of industries, including HVAC, plumbing, and pest control, and employs over 3,400 people.
Bottom Line
Needham's reiterated buy rating with a $100 target reflects confidence in ServiceTitan's market position. Investors keep an eye on such analyst updates as they provide insights into potential stock performance. As a reminder, these ratings and targets are based on past data and may not represent future performance.
See Also
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