Needham analyst Joshua Reilly maintained a Buy rating on Tyler Technologies today and set a price target of $750.00.
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Joshua Reilly’s rating is based on Tyler Technologies’ Q3 performance aligning with expectations, showing a modest increase in revenue and earnings per share. Despite a year-over-year decline in SaaS annual recurring revenue due to significant deals from the previous year, the outlook for 2026 appears promising with anticipated 20% growth in SaaS revenue.
Reilly highlights that this growth is largely supported by business already secured, reducing concerns about potential slowdowns. Additionally, the possibility of large-scale deals returning in 2026, coupled with improving free cash flow margins, makes the current stock price attractive for investors.
Reilly covers the Technology sector, focusing on stocks such as Jamf Holding, Tyler Technologies, and Karooooo. According to TipRanks, Reilly has an average return of 0.5% and a 39.85% success rate on recommended stocks.