Oppenheimer analyst Ken Wong lowered the firm’s price target on Tyler Technologies (TYL) to $510 from $600 and keeps an Outperform rating on the shares. The firm reduced targets in the mid-cap software-as-a-service space as part of a Q4 preview. “Sentiment across software continues to deteriorate with the perceived risks from AI disruptions intensifying,” the analyst tells investors in a research note. Opco expects company fundamentals consistent with the Q3 earnings season.
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