MarketWatch | Analysts embrace ServiceTitan’s market-share potential in parade of buy ratings

The software maker for blue-collar businesses, which recently went public, draws ‘buy’ or ‘overweight’ ratings from at least six analysts. ServiceTitan (TTAN) went public at $71 a share on Dec. 12, and has seen its stock hit a high of $112 a share and a low of $94.02 since then. Several of the analysts assigned a price target of $120 a share for the stock.

Jay Ritter, a finance professor at University of Florida who specializes in initial public offerings, said it’s not unusual for analysts to come up with the same price target for a company in their initiations of coverage.

Read more insights from Ritter in this story from MarketWatch. You can also access the story for free from Morningstar.