Baird analyst Rob Oliver raised the firm’s price target on Tyler Technologies to $500 from $486 and keeps an Outperform rating on the shares. The firm said they reported another good quarter with initial 2024 guidance similar to Street expectations. They also provided FCF margin guidance above Street and the implied operating margin expansion was better than feared.
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Read More on TYL:
- Tyler Technologies sees FY24 adjusted EPS $8.90-$9.10, consensus $8.78
- Tyler Technologies reports Q4 adjusted EPS $1.89, consensus $1.86
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