Piper Sandler analyst Clarke Jeffries raised the firm’s price target on Tyler Technologies to $520 from $480 and keeps an Overweight rating on the shares. Results for the quarter were in-line with expectations excluding merchant fees, with another 20%+ software as a service growth quarter, and guidance for 2024 bridges the gap to 2025 medium-term targets, the analyst tells investors in a research note.
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Read More on TYL:
- Tyler Technologies price target raised to $500 from $475 at Needham
- Tyler Technologies sees FY24 adjusted EPS $8.90-$9.10, consensus $8.78
- Tyler Technologies reports Q4 adjusted EPS $1.89, consensus $1.86
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