Tyler Technologies (TYL) is benefiting from strong growth, government partnerships, and industry trends

From Nasdaq: 2024-06-17 10:52:00

Tyler Technologies (TYL) has outperformed the Business – Software Services Industry, gaining 12.8% year to date. Recent deals with various government entities, including the City of Philadelphia Sheriff’s Office, showcase the company’s strong growth. TYL’s partnerships with Microsoft and Amazon’s AWS position it well to benefit from industry trends.

The public sector’s increasing reliance on technology benefits Tyler Technologies. Government investments in digital transformation initiatives create growth opportunities for TYL. Strong financial performance, with average earnings surprise of 6.67%, and projected 17.8% growth in 2024 earnings make TYL an attractive investment option.

Tyler Technologies sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of B. This, combined with its strong financials, partnerships, and growth projections, make TYL a compelling choice for investors. Another top-ranked stock in the technology sector worth considering is NVIDIA Corporation, which also presents solid growth potential.



Read more at Nasdaq: Tyler Technologies (TYL) Rides on Growing Customer Base