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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYL:
- Tyler Technologies: Capitalizing on Public Sector Digital Modernization with Cloud-Led Growth and Discounted Valuation Upside
- Tyler Technologies initiated with a Buy at Stifel
- Needham adds Tyler Technologies to Conviction List, removes Twilio
- Tyler Technologies: Depressed Valuation, Improving SaaS Bookings Outlook, and Public Sector AI Tailwinds Support Needham Top Pick Buy Rating for 2026
- Private Markets: MiniMax secures Alibaba, Abu Dhabi investment