Barclays raised the firm’s price target on Tyler Technologies (TYL) to $715 from $695 and keeps an Overweight rating on the shares following Q2 results. The firm noted that SaaS bookings grew quarter-over-quarter and year-over-year as some Q1 slipped deals closed, and commentary on funding sounds more stable. Barclays added that this looks like the turnaround the stock needed after last quarter. OBBBA’s reversal of Section 174 for domestic research and development takes the firm’s FCF estimates up, which underpins valuation, according to Barclays.
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