DA Davidson raised the firm’s price target on Tyler Technologies to $550 from $525 and keeps a Neutral rating on the shares ahead of its Q3 results. The company is set to provide “another solid update”, beating or modestly exceed consensus and affirming or “modestly fine-tuning” its 2024 guidance, the analyst tells investors in a research note. The firm’s $555M revenue view reflects 11%-12% organic revenue growth estimate plus approximately $3M-$4M in revenue from two small acquisitions completed over the last year, DA Davidson added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYL:
- Barclays upgrades Tyler Technologies to Overweight on SaaS transition
- Tyler Technologies upgraded to Overweight from Equal Weight at Barclays
- Tyler Technologies Enhances Financial Flexibility with New $700M Credit Facility
- Tyler Technologies’ RFP/demo activity at/above pre-COVID, says Goldman Sachs
- Tyler Technologies awarded contract by state of New Jersey
Questions or Comments about the article? Write to editor@tipranks.com