DA Davidson lowers Tyler Tech stock price target to $560 from $585

Investing.com - DA Davidson has reduced its price target for Tyler Technologies (NYSE:TYL) to $560 from $585 while maintaining a Neutral rating on the stock. Currently trading at $506.46, near its 52-week low of $483.56, the company maintains a solid market capitalization of $21.91 billion. InvestingPro data shows the company’s overall financial health score is GOOD, with particularly strong profitability metrics.

The research firm expects Tyler Technologies to report its third-quarter results on October 22, with performance likely to meet or modestly exceed both the firm’s forecasts and the consensus estimates. The company has demonstrated robust revenue growth of 10.69% over the last twelve months. InvestingPro offers 12 additional key insights about Tyler Technologies’ performance and valuation metrics.

DA Davidson anticipates that with the upcoming results, Tyler’s management will either affirm or slightly adjust their 2025 financial guidance.

The price target reduction represents a $25 decrease from the firm’s previous valuation of the software company, which provides integrated technology solutions to the public sector.

Despite lowering the price target, DA Davidson has kept its Neutral rating on Tyler Technologies stock unchanged.

In other recent news, Tyler Technologies reported strong financial results for the second quarter of 2025, with earnings per share (EPS) of $2.91, surpassing the analyst forecast of $2.77. Revenue also exceeded expectations, reaching $596.1 million compared to the anticipated $589.4 million, marking a 10% year-over-year increase. In response to these results, DA Davidson raised its price target for Tyler Technologies to $585, maintaining a Neutral rating. JMP Securities reiterated its Market Outperform rating with a price target of $700, reflecting confidence in the company’s ongoing performance. Barclays also increased its price target to $715, highlighting growth in Tyler Technologies’ Software as a Service (SaaS) bookings. Additionally, the Oklahoma Department of Labor selected Tyler Technologies to modernize its regulatory system with a cloud-based solution. This recent development involves the implementation of Tyler’s State Regulatory Platform Suite, a digital platform powered by Amazon Web Services. These updates reflect Tyler Technologies’ ongoing momentum and strategic advancements in the market.

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