Tyler Technologies Analysts Increase Their Forecasts After Strong Earnings

Tyler Technologies TYL reported better-than-expected third-quarter adjusted EPS results and raised its FY24 adjusted EPS guidance, after the closing bell on Wednesday.

Tyler Technologies reported quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.43 per share. The company reported quarterly sales of $543.34 million which missed the analyst consensus estimate of $547.35 million.

Tyler Technologies shares fell 0.8% to trade at $606.79 on Friday.

These analysts made changes to their price targets on Tyler Technologies following earnings announcement.

• Piper Sandler analyst Clarke Jeffries maintained Tyler Technologies with an Overweight and raised the price target from $625 to $701.
• Oppenheimer analyst Ken Wong maintained the stock with a Outperform and raised the price target from $625 to $700.
• Baird analyst Rob Oliver maintained Tyler Technologies with an Outperform and raised the price target from $625 to $700.
• Truist Securities analyst Terry Tillman reiterated Tyler with a Buy and raised the price target from $600 to $685.
• Barclays analyst Saket Kalia maintained Tyler with an Overweight and raised the price target from $700 to $705.
• JMP Securities analyst Trevor Walsh maintained Tyler Technologies with a Market Outperform and raised the price target from $580 to $700.

Considering buying TYL stock? Here’s what analysts think:

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