Analyst cut price target for Tyler Technologies stock by $20, despite strong earnings

From Nasdaq: 2025-04-28 17:44:00

On Monday, Tyler Technologies (NYSE: TYL) saw its share price drop by 0.6% after an analyst cut the price target by $20 to $590 per share. Despite this, the S&P 500 rose marginally. Last week, Tyler reported a 10% year-over-year revenue growth to $565 million and a 30% increase in non-GAAP adjusted net income to $122 million, exceeding analyst estimates. The company credited strong growth in its software-as-a-service offerings for the positive results. Wells Fargo’s Michael Turrin maintained an equal weight recommendation on the stock following the price cut. Investors should consider Tyler’s solid fundamentals and attractive valuation.

The Motley Fool Stock Advisor team recently revealed their top 10 stock picks for investors, with Tyler Technologies not making the list. The 10 stocks identified by the team have the potential for significant returns in the coming years. The average return for Stock Advisor is 872%, outperforming the S&P 500’s return of 160%. Investors are encouraged to join Stock Advisor to access the latest top 10 list and potentially benefit from high-performing stock recommendations. Wells Fargo is an advertising partner of Motley Fool Money, and the author of the article has no position in the mentioned stocks. The Motley Fool discloses its positions in and recommendations for Tyler Technologies.



Read more at Nasdaq: Why Tyler Technologies Stock Slipped on Monday