Analyst Scoreboard: 10 Ratings For Tyler Technologies
Portfolio Pulse from Benzinga Insights
Tyler Technologies (NYSE:TYL) has received mixed analyst ratings over the past three months, with a total of 10 ratings ranging from bullish to bearish. The average 12-month price target for TYL has increased by 5.3% to $491.5. Analyst actions include maintaining, raising, and announcing ratings, with price targets adjusted accordingly. Tyler Technologies, a provider of software solutions for local government entities, has shown a revenue growth of 6.35% as of December 31, 2023, but trails behind industry peers in profitability and efficiency metrics.
March 08, 2024 | 7:00 pm
News sentiment analysis
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POSITIVE IMPACT
Tyler Technologies has seen a positive shift in analyst sentiment with an increased average price target, indicating potential stock appreciation. However, concerns about profitability and efficiency could temper gains.
The increase in the average price target suggests analysts see potential for stock appreciation, likely due to revenue growth and strategic positioning in the market. However, the below-industry-average profitability and efficiency metrics could be a concern for investors, potentially limiting the upside.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100