Truist raised the firm’s price target on Tyler Technologies to $510 from $475 and keeps a Buy rating on the shares. The company reported upside to all key metric estimates including revenue, profitability, and cash flow in Q3, the analyst tells investors in a research note. Tyler Technologies continues to perform well through a combination of solid execution, a favorable public sector demand backdrop, and successful cloud transition strategy, the firm added.
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Read More on TYL:
- Tyler Technologies price target raised to $480 from $450 at Oppenheimer
- Early notable gainers among liquid option names on November 2nd
- Tyler Technologies raises FY23 EPS view to $7.66-$7.80 from $7.60-$7.75
- Tyler Technologies reports Q3 adjusted EPS $2.14, consensus $1.99
- Tyler Technologies acquires ResourceX, terms not disclosed
