ServiceTitan Shares Surpass Analyst Price Target: What’s Next?
Recently, shares of ServiceTitan Inc (Symbol: TTAN) surpassed the average analyst 12-month target price of $114.77, trading at $115.59 per share. When a stock meets its target price, analysts typically respond in one of two ways: they either downgrade the stock due to valuation concerns or adjust their target price upward. This analysis may also rely on the company’s fundamental developments that could justify a higher stock price. If the outlook for ServiceTitan appears promising, it might signal that it’s time to increase that target price.
Analyst Perspectives on ServiceTitan
There are currently 13 different analyst targets within the Zacks coverage universe contributing to the average target for ServiceTitan Inc. However, it’s essential to note that this average is just a mathematical figure. Some analysts set notably lower targets, with one predicting a price of $90.00. In contrast, another analyst has a target as high as $125.00, leading to a standard deviation of $10.592.
The purpose of examining the average TTAN price target is to leverage a “wisdom of crowds” approach, synthesizing insights from multiple analysts rather than relying on a single expert’s opinion. With TTAN now trading above the average target of $114.77 per share, investors are prompted to reassess the company. They must weigh whether this price is just a stop on the path to even higher targets or if the valuation has become too stretched, indicating a good time to consider taking some profits.
Analyst Ratings Breakdown
| Recent TTAN Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 9 | 8 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.64 | 1.69 | 1.69 | 1.69 |
The average rating in the table ranges from 1 to 5, where 1 represents Strong Buy and 5 denotes Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on TTAN, it is available for free.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
