Tyler Technologies, Inc. (TYL) Analyst Ratings & Price Targets

Tyler Technologies, Inc.

TYL · NYSE

Analyst Consensus

Buy

17 analysts

$394

Current

—

Low

$430

Average

—

High

Average target implies +9.05% versus the current price.

Analyst Ratings Synthesis

The supplied consensus is Buy across 17 analysts, with a mean price target of $430. Target dispersion cannot be quantified from that consensus because its low and high are unavailable; other supplied snapshots show averages of $436.59 across 23 analysts and $438.53 on MarketBeat, but they reflect different reported sets. Goldman Sachs analyst Adam Hotchkiss is the clearest identified cautious voice, cutting his target to $345 and downgrading the stock to Neutral; the evidence does not identify the most bullish analyst or a high target. Nor does it date analyst revisions to this week: the Goldman action is reported, but its timing is unspecified. The substantive disagreement is whether recurring SaaS growth and margin expansion outweigh the revenue miss and reduced high-end outlook.

Rating Actions

No individual rating actions have been captured for TYL yet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

Covering Firms

BAIRD R W

BARCLAYS CAPITA

BTIG

CITIZENS JMP

CO FORECST

DAVIDSON D A

GOLDMAN SACHS

JP MORGAN SECUR

LOOP CAPITAL MK

NEEDHAM & CO.

NORTHCOAST RESE

OPPENHEIMER HLD

PIPER SANDLER

TRUIST SECURITI

WELLS FARGO SEC

WILLIAM BLAIR

ZACKS RESEARCH

Symbol: TYL
Type: Stock
Sector: Technology
Industry: Computer Software: Prepackaged Software
Country: North America
Exchange: NYSE

Tyler Technologies (NYSE: TYL) is a leading provider of technology solutions purpose-built exclusively for the public sector. Tyler's end-to-end solutions empower local, state, and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler's solutions strengthen the core operations of government and help agencies turn insight into action for their communities. With more than 50,000 installations across 16,000 client locations, Tyler serves clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including on Government Technology's GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.

Key Issues

Bullish view

Recurring revenue grew 11% year over year to $568.8 million, and cloud migration remains a stated growth driver. Large deals closing later than planned could represent timing delays rather than weaker underlying demand.

Bearish view

Management trimmed the high end of its SaaS outlook after several large deals closed later than planned. Revenue also missed estimates, leaving uncertainty over how quickly delayed deals convert into growth.

Analyst Consensus

See all

Buy

17 analysts

$394

Current

—

Low

$430

Average

—

High

Average target implies +9.05% versus the current price.

Earnings History

BeatMissNo estimate

Tyler Technologies, Inc.

Analyst Consensus

Analyst Ratings Synthesis

Rating Actions

Research Reports

Covering Firms

Peers