Oppenheimer analyst Ken Wong lowered the firm’s price target on Tyler Technologies (TYL) to $600 from $675 and keeps an Outperform rating on the shares. The company reported a Q3 beat and raised the low-end of its guidance, the analyst tells investors in a research note. The firm expects Tyler’s fiscal 2026 commentary to bring “some relief” as investors were concerned over its software-as-a-service growth trajectory. It cites a lower terminal multiple for the target cut.
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