Jim Cramer and Analysts Like These 10 Stocks

8.  ServiceTitan, Inc. (NASDAQ:TTAN)

Average Price Target Upside: 36.89%

Number of Hedge Fund Holders: 43

Taking its place among the stocks that have garnered bullish sentiment from both Cramer was analysts, ServiceTitan, Inc. (NASDAQ:TTAN) discussed by Cramer in January as he said:

“There’s not a lot of corporate news of any consequence, but a recently minted IPO ServiceTitan, which is [a] software as a service company to help tradespeople, is going to report and I think it’s gonna give us a great quarter, maybe one that is so good that it’ll worth be buying ahead of.”

ServiceTitan (NASDAQ:TTAN) offers cloud-based software solutions that help businesses manage various tasks such as advertising, job scheduling, dispatching, invoicing, and payment processing. The stock received a consensus Buy rating from 13 analysts and has an average price target of  $120.00, as of March 6. Baron Discovery Fund stated the following regarding ServiceTitan, Inc. (NASDAQ:TTAN) in its Q4 2024 investor letter:

“ServiceTitan, Inc. (NASDAQ:TTAN) is the leading business management software platform for “the trades” (i.e HVAC, plumbing, electrical, pest control, roofing, etc.). The platform serves as a system of record offering clients nearly everything they need to run their businesses including customer relationship management (sales enablement, marketing automation, and customer service), field service management (scheduling/dispatching), enterprise resource planning (inventory), human capital management (compensation and payroll) and fintech (payments and consumer financing).

ServiceTitan operates in a large market. In just the U.S. and Canada, the trades are roughly a $1.5 trillion annual industry and ServiceTitan’s current set of solutions serve about $650 billion of this spend. This equates to about a $30 billion addressable market for the company, of which $13 billion is serviceable today. The industry is also resilient given that over 75% of U.S. residential trades jobs are non-discretionary in nature. Relative to its competition, ServiceTitan has several notable advantages including: 1) it is by far the leading end-to-end software platform built specifically for the trades that provides a strong return on investment to clients and would be very hard to catch at this point given it is virtually a one-stop-shop for all of a trade’s business’ technology needs; 2) it has a first mover advantage that allowed the company to build up broad-based customer trust over time; and 3) the company’s scale provides a big data advantage as ServiceTitan can use its industry leading data to make continuous improvements to its product offerings and connect previously disparate processes for customers…” (Click here to read the full text)