Truist analyst Terry Tillman raised the firm’s price target on Tyler Technologies (TYL) to $685 from $600 and keeps a Buy rating on the shares. The company reported strong Q3 with highlights that included growing cloud momentum amongst new and existing customers, a variety of large key customer wins, and impressive profit and free cash flow generation versus estimates, the analyst tells investors in a research note. Tyler management further indicated that public sector demand remains robust, and that the company is successfully leveraging the large installed base to drive strategic cross-sell and upsell activity, Truist added.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYL:
- Tyler Technologies price target raised to $701 from $625 at Piper Sandler
- Tyler Technologies price target raised to $670 from $600 at Wells Fargo
- Tyler Technologies price target raised to $700 from $625 at Oppenheimer
- Tyler Technologies price target raised to $700 from $625 at Baird
- Tyler Technologies price target raised to $705 from $700 at Barclays