TD Cowen analyst Andrew Sherman lowered the firm’s price target on Tyler Technologies (TYL) to $600 from $650 and keeps a Buy rating on the shares. The firm updated its model ahead of Q4 results where they say the key focus will be SaaS bookings which they think could reaccelerate on a 19-pt easier comp, which would drive more confidence in preliminary FY26 SaaS revenues guide of +20%.
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