Analyst Josh Baer from Morgan Stanley maintained a Hold rating on ServiceTitan, Inc. Class A and keeping the price target at $118.00.
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Josh Baer has given his Hold rating due to a combination of factors that reflect both the strengths and challenges facing ServiceTitan, Inc. While the company has demonstrated significant product innovation, particularly in AI and its Pro Products, and has a compelling strategic vision, there are considerations that temper a more aggressive rating. The company’s ability to execute within a vast $650 billion market opportunity is promising, supported by its strong value proposition and competitive moat in various trades and end markets.
However, despite the positive outlook and the enthusiasm from customers and industry experts, the Hold rating suggests a cautious approach. The market’s expectations and the need for continued success with enterprise customers, as well as expansion into new markets, present challenges that need to be navigated carefully. Investors are advised to consider these factors as part of a broader investment strategy, acknowledging the potential for growth but also the inherent risks involved.
In another report released on September 9, Citi also maintained a Hold rating on the stock with a $123.00 price target.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTAN in relation to earlier this year.