Tyler Tech upgraded at Baird on long-term drivers (NYSE:TYL)
September 22, 2020 James
Figuring out “highly effective” medium to long-term drivers, Baird upgrades Tyler Tech (NYSE:TYL) from Impartial to Outperform and raises the value goal from $345 to $370, a 12% upside.
Analyst Rob Oliver cites Tyler’s transfer to a subscription mannequin and his anticipated pandemic-driven multiyear funding cycle in native and municipal software program.
Oliver sees some near-term bumpiness for Tyler, however is long-term constructive on the inventory.
TYL shares are up 1% to $332.16. The corporate has a Bullish common Wall Road analysts score and Bearish vote from SA contributors.