TD Cowen initiated coverage of Tyler Technologies (TYL) with a Buy rating and $650 price target As the “leading vendor in the public sector market,” a large, stable market, the firm sees durable 20% SaaS growth, led by cloud migrations that are expected to accelerate in 2027-28, the analyst tells investors. Customer checks were “bullish” and the firm sees “strong competitive advantages” along with margins that are set up for strong expansion, the analyst added.
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