Goldman Sachs raised the firm’s price target on Tyler Technologies (TYL) to $728 from $660 and keeps a Buy rating on the shares after its Q4 results and above-consensus FY25 guidance. The company remains in the early innings of benefiting from technology upgrades and cloud migrations, the analyst tells investors in a research note, adding that Tyler is well positioned to benefit from ongoing government modernization efforts and is several years from seeing a peak in maintenance conversions to SaaS.
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Read More on TYL:
- Tyler Technologies price target raised to $595 from $575 at DA Davidson
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- Tyler Technologies Posts Strong Q4 2024 Results
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