Wells Fargo analyst Michael Turrin lowered the firm’s price target on Tyler Technologies (TYL) to $470 from $525 and keeps an Equal Weight rating on the shares. The firm believes that AI is still “the name of the 2026 game.” Wells sees three key ways to play, namely infrastructure, incumbents, and innovation. While adoption will likely be uneven, secular trend will ultimately drive 2026 performance, it adds.
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