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.
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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
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