Tyler Technologies price target raised to $595 from $575 at DA Davidson

DA Davidson analyst Peter Heckmann raised the firm’s price target on Tyler Technologies (TYL) to $595 from $575 and keeps a Neutral rating on the shares. The firm is adjusting its model as the company’s initial FY25 revenue guidance was below estimates due to loss of a contract in Texas, the analyst tells investors in a research note. Longer term however, Tyler can generate organic revenue growth of 9% on an annual basis and supplement that with continued acquisitions, the firm adds.