Piper Sandler analyst Clarke Jeffries lowered the firm’s price target on Tyler Technologies (TYL) to $671 from $708 and keeps an Overweight rating on the shares. Discussing the industrial software and defense tech space, the firm says that while 2026 looks like another tough slate for fundamentals as macro remains challenged, after such a harsh selloff in the last two quarters it believes there are still exceptional opportunities in Vertical Software.
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