BTIG analyst Allan Verkhovski assumed coverage of Tyler Technologies (TYL) with a Buy rating and $560 price target The firm believes artificial intelligence brings minimal disruption risk for Tyler and opens new avenues for monetization as government entities seek more with fewer resources. Tyler has a leading position in the market with the broadest cloud offering and is still early in its market penetration, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYL:
- Tyler Technologies initiated with a Buy at BTIG
- Roblox downgraded, Lululemon upgraded: Wall Street’s top analyst calls
- Tyler Technologies initiated with a Buy at TD Cowen
- Tyler Technologies price target lowered to $510 from $540 at DA Davidson
- Tyler Technologies acquires Edu.Link, terms not disclosed