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Analysts Offer Insights on Technology Companies: Tyler Technologies (TYL) and Ping Identity Holding (PING)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Tyler Technologies (TYLResearch Report) and Ping Identity Holding (PINGResearch Report) with bullish sentiments.

Tyler Technologies (TYL)

In a report released today, Alex Zukin from Wolfe Research maintained a Buy rating on Tyler Technologies, with a price target of $460.00. The company’s shares closed last Friday at $399.00.

According to TipRanks.com, Zukin is a top 100 analyst with an average return of 25.0% and a 65.1% success rate. Zukin covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Ceridian HCM Holding, and RingCentral.

Currently, the analyst consensus on Tyler Technologies is a Strong Buy with an average price target of $475.09, implying a 19.3% upside from current levels. In a report issued on July 18, Piper Sandler also maintained a Buy rating on the stock with a $405.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Ping Identity Holding (PING)

In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on Ping Identity Holding, with a price target of $25.00. The company’s shares closed last Friday at $17.15, close to its 52-week low of $15.85.

According to TipRanks.com, Hedberg ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.8% and a 35.2% success rate. Hedberg covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, CrowdStrike Holdings, and Altair Engineering.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ping Identity Holding with a $25.92 average price target, which is a 54.6% upside from current levels. In a report issued on July 18, Wells Fargo also maintained a Buy rating on the stock with a $27.00 price target.

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