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Investing.com - DA Davidson maintained its Neutral rating and $570.00 price target on Tyler Technologies (NYSE:TYL) ahead of the company’s second-quarter earnings report. The stock, currently trading at $564.83, shows strong financial fundamentals with a "GOOD" health score according to InvestingPro analysis, though it appears to be trading above its Fair Value.
Tyler Technologies is scheduled to release its second-quarter results after market close on Wednesday, July 30, followed by a conference call on Thursday, July 31, at 10 a.m. ET.
DA Davidson expects Tyler Technologies to meet or modestly exceed both the firm’s forecasts and the consensus estimates for the quarter.
The research firm anticipates management will either affirm or slightly adjust its 2025 financial guidance when it reports results next week.
DA Davidson’s price target of $570 remains unchanged as the firm maintains its Neutral stance on the software company that specializes in providing integrated technology solutions to the public sector.
In other recent news, Tyler Technologies has been the focus of several analyst evaluations and ratings. Oppenheimer reiterated its Outperform rating with a price target of $675, citing solid demand for Tyler’s services despite challenging year-over-year bookings comparisons for fiscal year 2025. JPMorgan also maintained its positive outlook with an Overweight rating and a price target of $740, highlighting confidence in Tyler’s business model and growth prospects. Cantor Fitzgerald initiated coverage with a Neutral rating and a $60 price target, noting that Tyler’s shares trade at a multiple of 10 times their estimated revenue for 2026. Piper Sandler reaffirmed an Overweight rating with a $708 price target, emphasizing the company’s significant long-term growth potential through cloud-based operations. Needham maintained a Buy rating and a $750 price target, expressing confidence in Tyler’s prospects after engaging with the company at an investor session. These developments reflect a generally positive sentiment among analysts regarding Tyler Technologies’ future performance.
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