Oppenheimer raised the firm’s price target on Tyler Technologies (TYL) to $725 from $700 and keeps an Outperform rating on the shares. The company’s Q4 results delivered “meaningful” free cash flow outperformance, and while the FY25 revenue outlook fell short of consensus, it was within Tyler’s Analyst Day targets of $2.3B-$2.4B, the analyst tells investors in a research note. The company’s demand commentary also remains upbeat with the pace and magnitude of cloud flips building momentum, the firm added.
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