Crispr Therapeutics shares tumble after significant earnings miss
On Thursday, DA Davidson maintained a Neutral rating on Tyler Technologies (NYSE:TYL) stock, with a price target of $575.00. The stock, currently trading near its 52-week high of $638.56, has delivered an impressive 40.58% return over the past year. According to InvestingPro analysis, the company appears to be trading above its Fair Value, with multiple ProTips highlighting its high valuation multiples. The research firm anticipates that the company will announce its fourth-quarter results on February 12, 2025. With a market capitalization of $25.91 billion and revenue growth of 8.04% in the last twelve months, analysts from DA Davidson project that Tyler Technologies’ financial performance will align with or slightly surpass both their own forecasts and the consensus estimates. For deeper insights into Tyler’s earnings potential, InvestingPro subscribers can access comprehensive financial forecasts and 13 additional ProTips.
The firm also expects Tyler Technologies to issue its financial guidance for the year 2025 during the upcoming earnings report. This guidance is predicted to be in line with the projections shared at the company’s Investor Day held on June 2023. The anticipated guidance is believed to bracket the current forecasts and consensus figures.
DA Davidson’s stance on Tyler Technologies remains unchanged, as they continue to recommend a Neutral position on the stock. The $575.00 price target is also reaffirmed, indicating that the firm sees the stock’s current valuation as appropriate based on their analysis.
Tyler Technologies, which specializes in providing integrated software and technology services to the public sector, is expected to reveal insights into its performance and strategic direction for the year ahead. Investors and market watchers will be looking closely at the fourth-quarter results and 2025 guidance to gauge the company’s growth trajectory and financial health.
As the market awaits Tyler Technologies’ financial disclosures, the company’s stock price will likely reflect investor reactions to the upcoming earnings report and the guidance provided for 2025. The information presented in the earnings release will provide a clearer picture of Tyler Technologies’ current position and future prospects in its market segment. InvestingPro’s detailed research report offers comprehensive analysis of Tyler’s financial health, which currently receives a "GOOD" overall rating, helping investors make informed decisions ahead of the earnings announcement.
In other recent news, Truist Securities and Piper Sandler highlighted Tyler Technologies as a company to watch due to its strong financial performance and potential growth in the AI enterprise software market. Tyler Technologies reported a 9.8% year-over-year increase in total revenues, reaching $543.3 million in the third quarter. The company’s subscription and Software (ETR:SOWGn) as a Service (SaaS) revenues saw significant increases of 17.6% and 20.3% respectively.
Additionally, Truist Securities maintained its Buy rating on Tyler Technologies with a consistent price target of $685.00, while Loop Capital raised its price target to $680. Piper Sandler and Baird also increased their price targets to $701 and $700 respectively. These recent developments reflect analysts’ confidence in Tyler Technologies’ robust growth and future prospects.
Furthermore, Tyler Technologies announced a reshuffling of its executive team, including the introduction of a chief administrative officer role and the appointment of new chief marketing and chief legal officers. The company also secured a $35 million contract with the Kentucky Court of Justice and updated its 2024 guidance, projecting total revenues between $2.125 billion and $2.145 billion. These are recent developments in the company’s financial performance and analyst outlooks.
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