Goldman Sachs analyst Gabriela Borges upgraded Tyler Technologies to Buy from Neutral with a price target of $424, up from $301. The analyst views the resiliency of the government end market as "particularly attractive" over the next 12 months, given ongoing macro volatility and a "less predictable" fundamental outlook in enterprise software. Tyler holds a significant lead over its competitors in its core sets of products, which should drive steady market share gains over the long term, the analyst tells investors in a research note. The firm also expects the company’s cloud transition to drive structurally higher EBIT margins.
Published first on TheFly
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