Truist analyst Terry Tillman raised the firm’s price target on Tyler Technologies to $600 from $560 and keeps a Buy rating on the shares. The company reported strong Q2 with upside to revenue, EPS, and cash flow estimates while the management specifically called out increased cloud momentum evidenced by another quarter of above-20% SaaS revenue growth, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYL:
- Tyler Technologies raises FY24 EPS view to $9.25-$9.45 from $9.10-$9.30
- Tyler Technologies reports Q2 adjusted EPS $2.40, consensus $2.30
- Tyler Technologies price target raised to $580 from $490 at JMP Securities
- TYL Upcoming Earnings Report: What to Expect?
- ‘Don’t Be Scared of Heights’: J.P. Morgan Suggests 2 Stocks to Buy