Tyler Technologies (TYL) has been positively received in recent updates, with various financial entities raising their price targets.
Truist Financial,
Oppenheimer and
Piper Sandler have increased their price targets for TYL, pushing it into the $600 vicinity. Moreover, changes indicate the company's strong transition to cloud and ongoing growth, with
increases in revenue and
margin expansion. The Q2 2024 earnings have surpassed expectations, as the reported
EPS overperformed market estimates. TYL's positive financial performance was also acknowledged by entities, such as
O'Shaughnessy Asset Management and
Covestor Ltd acquiring their stock. With strong growth in the public sector, TYL raised its revenue forecast, leading to further price target elevation by institutions like
JPMorgan. However, despite the profit rise, Q2 results missed some estimates sparking restless sentiments among certain shareholders. But the matter appears to be overshadowed by TYL's innovation and strong importance in the market.
Tyler Technologies TYL News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 28 Jul 2024 13:25:55 GMT -
Rating 9
- Innovation 8
- Information 8
- Rumor 5
