Analyst Allan Verkhovski from BTIG maintained a Buy rating on Tyler Technologies and keeping the price target at $470.00.
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Allan Verkhovski has given his Buy rating due to a combination of factors including resilient operating performance and attractive valuation versus peers. He notes that despite the stock’s sharp pullback, Tyler delivered in-line results, sustained robust SaaS and transaction growth, and reaffirmed its outlook for roughly 20% organic SaaS revenue expansion in FY26, all while demonstrating strong free cash flow margins.
Allan also highlights that new SaaS NNARR and conversions are progressing well, underpinned by healthy demand in the public sector and increasing cloud adoption. With over $1 billion in cash, a rising FCF profile, active share repurchases, disciplined M&A, and early but tangible traction in AI-enabled offerings, he believes the shares are compelling at about 19x CY27 EV/FCF ex‑SBC, a sizable discount to vertical SaaS peers and consistent with his $470 price target.
In another report released today, Needham also maintained a Buy rating on the stock with a $400.00 price target.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TYL in relation to earlier this year.