William Blair analyst Jonathan Ho has maintained their bullish stance on TYL stock, giving a Buy rating today.
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Jonathan Ho has given his Buy rating due to a combination of factors including Tyler Technologies’ strong financial performance in the second quarter of 2025. The company reported significant growth in its SaaS and transaction-based revenues, with increases of 21.5% and 21.3% respectively. This robust performance is further highlighted by the company’s total annual recurring revenue, which saw a year-over-year increase of 15.2%, indicating sustained demand and a solid financial outlook.
Additionally, Tyler Technologies has raised its full-year guidance for both revenue and pro forma EPS, reflecting confidence in continued growth and a favorable spending environment. The company attributes its success to strong market conditions in the public sector, where modernization efforts and technology investments are driving business. With recurring revenue accounting for a substantial portion of total revenue, Tyler Technologies is well-positioned for ongoing stability and growth, supporting Jonathan Ho’s Buy rating.