William Blair analyst Jonathan Ho has maintained their bullish stance on TYL stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors that highlight Tyler Technologies’ strategic advancements and growth potential. The company’s progress in cloud adoption and the strong momentum in its payments business are key positive indicators. Additionally, Tyler Technologies is making significant strides in improving customer experience and operational efficiency, which are crucial for long-term growth.
Moreover, the company’s deliberate approach to AI integration, focusing on both product and internal enhancements, positions it well for future expansion. The demand environment remains robust, with several deals being accelerated due to external funding timelines, although this is not the primary driver of spending. Overall, Tyler Technologies’ strategic initiatives and market positioning provide a compelling case for a Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $695.00 price target.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TYL in relation to earlier this year.