Citi analyst Tyler Radke maintains $ServiceTitan (TTAN.US)$ with a hold rating, and maintains the target price at $109.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 8.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $ServiceTitan (TTAN.US)$'s main analysts recently are as follows:
ServiceTitan is described as a vertical software-as-a-service company dedicated to crafting specialized software for the trades industry. The analysis harbors a favorable view of the company, driven by its unique niche. However, the current entry point into the shares is under scrutiny due to the steep valuation premium relative to peers. There's also a desire for increased confidence in the rate at which profitability improvements are progressing, especially considering the company's less-than-ideal Rule-of-40 performance.
ServiceTitan operates within large, expanding markets, benefiting from strong competitive differentiation and market leadership. The company is recognized for its track record of innovation and powerful growth vectors. Shares are considered to be fairly valued at contemporary levels.
ServiceTitan is recognized for its cloud-based, end-to-end platform specifically designed to digitize and streamline business workflows for field services including plumbing and electrical. Analysts are optimistic about the company's capacity to evolve into a robust vertical software-as-a-service business with potential revenues of $4B-$5B. However, it is observed that the potential benefits and tailwinds of ServiceTitan are already well-acknowledged by investors.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
