Tyler Technologies Poised For Gross Margin Improvement And $1B FCF Target By 2030: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst Joshua Reilly reiterated a Buy rating on Tyler Technologies (NYSE: TYL) with a price target of $475. He remains confident in the company's $1 billion free cash flow target by 2030, driven by gross margin improvement as the Cloud transition accelerates. The growth strategy is based on four pillars, and the company plans to shut down Texas and Maine data centers by 2023 and 2024, respectively.
June 16, 2023 | 6:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst Joshua Reilly reiterated a Buy rating on Tyler Technologies with a price target of $475, confident in the company's $1 billion free cash flow target by 2030 driven by Cloud transition.
The analyst's Buy rating and price target of $475 indicate a positive outlook for Tyler Technologies. The company's growth strategy and Cloud transition are expected to drive gross margin improvement, leading to a $1 billion free cash flow target by 2030. This news is highly relevant and important for investors, as it provides insights into the company's future growth potential and the analyst's confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100