Peeling Back The Layers: Exploring Tyler Technologies Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Tyler Technologies (NYSE:TYL) has received diverse analyst ratings over the past three months, with a majority being somewhat bullish. The average 12-month price target has increased to $599.44, with a high of $700.00. Analysts have raised their ratings and price targets, reflecting positive sentiment. Despite strong net margins, the company faces challenges with lower ROE and ROA compared to industry averages.
October 07, 2024 | 3:01 pm
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POSITIVE IMPACT
Tyler Technologies has seen a positive shift in analyst ratings, with an increase in the average 12-month price target to $599.44. Analysts have predominantly raised their ratings, indicating a positive outlook. However, the company faces challenges with lower ROE and ROA compared to industry averages.
The increase in analyst ratings and price targets suggests a positive short-term outlook for TYL. The majority of analysts have raised their ratings, reflecting confidence in the company's performance. However, the lower ROE and ROA compared to industry averages may pose challenges, but the strong net margin and positive revenue growth provide a counterbalance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100