Citi initiated coverage of ServiceTitan (TTAN) with a Neutral rating and $109 price target ServiceTitan is a vertical software-as-a-service company focused on providing purpose-built software for the trades industry, the analyst tells investors in a research note. The firm has a positive bias on the business but looks for a better entry point into the shares. The stock trades at a “steep valuation premium” to peers and Citi would like to get better conviction around the pace of profitability improvements given its “underwhelming Rule-of-40 standing,” contends the analyst.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TTAN:
- Tesla upgraded, ServiceTitan initiated: Wall Street’s top analyst calls
- ServiceTitan initiated with a Hold at Loop Capital
- ServiceTitan initiated with a Buy at Needham
- ServiceTitan initiated with an Outperform at William Blair
- ServiceTitan initiated with a Buy at Canaccord
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
