Analyst Andrew Sherman from TD Cowen reiterated a Buy rating on Tyler Technologies and decreased the price target to $600.00 from $650.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Andrew Sherman has given his Buy rating due to a combination of factors tied to Tyler Technologies’ resilient fundamentals and near-term execution. He expects fourth-quarter numbers to be solid on the back of easier SaaS booking comparisons, projecting that renewed momentum will validate management’s 20% SaaS revenue growth outlook for FY26 while reinforcing confidence in the broader cloud migration story.
He further underscores the company’s defensive positioning, pointing to mission-critical software that is largely insulated from AI disintermediation and a public-sector customer base delivering durable demand. After a year-to-date valuation reset to 17x EV/CY27 free cash flow, he views the shares as attractive relative to sustained revenue growth, margin expansion prospects, and the steady cadence of municipal wins that support future backlog and earnings visibility.