DA Davidson analyst Peter Heckmann raised the firm’s price target on Tyler Technologies to $434 from $412 and keeps a Neutral rating on the shares. The company’s Q4 results saw revenue come in just below estimates, though its bookigs rose 21% in Q4 and 12% for the year, the analyst tells investors in a research note. Over the next two years, Tyler can generate organic revenue growth of 8%-9% annually and supplement that with acquisitions, the firm added.
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